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The extreme volatility that has gripped oil markets for the last 18 months has shown no signs of slowing down, with oil prices more than doubling since the beginning of the year despite an exceptionally weak economy.
JAD MOUAWAD From $145 a barrel a year ago to $33 in December, oil prices lately have surprised analysts by climbing despite the undertow of a global recession.
Government officials and analysts fear that the puzzling instability of oil prices could jeopardize a global recovery.
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