Risk and Energy Risk commodity rankings 2012: energy

Finding value in energy volatility

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Jonathan Whitehead

Turbulence in both the physical and financial worlds spilled over into energy markets in 2011. The Arab Spring saw Brent crude soar to more than $126 a barrel in April, but sovereign debt worries on both sides of the Atlantic dragged that back to around $101 by October. Meanwhile, a boom in unconventional oil and gas supplies in North America caused huge dislocations between US and European markets. Traders spent much of the year grappling with this volatility, while new regulations – n