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US sees least volatile oil prices in 17 years

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Prices for West Texas Intermediate, the benchmark U.S. crude, are the least volatile in 17 years as surging domestic output expands inventories and provides a buffer against disruptions. Implied volatility for at-the-money, front-month WTI options, a measure of expected futures movement and a key determinant in options pricing, fell to 15.4 percent Dec. 6, the lowest in data compiled by...