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A pump jack draws oil from the ground at a fracking operation near Bowden, Alta. Yet Oil price volatility recently fell to levels last seen in the early 1990s, according to a Breakingviews analysis.
A pump jack draws oil from the ground at a fracking operation near Bowden, Alta. Yet Oil price volatility recently fell to levels last seen in the early 1990s, according to a Breakingviews analysis.
(Jeff McIntosh For The Globe and Mail)

Fracking revolution smoothing out oil price volatility

The U.S. shale revolution promises steadier global energy prices. Despite a price slide since the year-end, crude volatility is at 20-year lows. There’s more oil around – which may have knock-on effects in the Middle East – and the flexibility of shale wells means drillers can respond quickly to changes in demand.