Oil volatility hits industry as 'price war' weighs

By 11:00 a.m. GMT, Brent was over 2 percent higher at $55.29 a barrel and WTI was up around 1.5 percent at $49.19. This shift higher followed price declines of around 6.5 percent on Wednesday, after the Energy Information Administration reported that U.S. oil inventories were at their highest since 1930. The news intensified investor fears that prices-which...