Telegraph.co.uk | Oil price trapped below $50 as market is left roiled by rattled nerves Telegraph.co.uk The oil market staged a dramatic rebound following a plunge to five month lows by swinging almost $3 higher in a matter of hours - but the oil price remains below $50 as the market jitters remain. The oil price volatility was triggered by storm of ... Energy's reversal of fortune as oil price slides - Financial Times OPEC likely to extend output pact, bigger oil cut unlikely: delegates |