Why Are Oil Markets Suddenly So Volatile?

Market Movers – The newsfeed this week has been inundated with updates on Aramco’s IPO developments. On the retail side, the Aramco IPO has reached $7.21 billion in subscriptions, bringing the total value for the IPO to somewhere near $25.6 billion. For the institutional side, which was a little slower going, it is possible it is oversubscribed. Abu Dhabi is considering a $1 billion to $1.5 billion stake, and Kuwait is planning to invest $1 billion. Other institutional investors have been less interested, however, with Russia, Petronas, and…