Oil Traders Fatigued by Wild Price Swings Pull Back Flows

[Stay on top of transportation news: Get TTNews in your inbox. ] Almost a month into the war in Iran, oil traders reeling from massive market swings are pulling back as conflicting messaging from Washington and Tehran keeps prices gyrating. Four of the six largest swings ever seen in international oil benchmark Brent futures have come since the war started at the end of February. Now, as traders struggle to adjust their exposure and protect their positions, evidence is growing that liquidity is thinning, which threatens to worsen the violent moves.