Ric Spooner and Sydney CMC Markets

Brent U.S.: That came after oil prices dropped to their lowest in six-and-a-half years last week, according to Euro News. This roller-coaster volatility could continue especially if there are similar wild swings in the equity markets, said Ric Spooner, chief market analyst at Sydney CMC Markets. Brent and U.S. crude finished around 8 percent lower on Tuesday to end a 25 percent three-session surge, the largest three-day gain since 1990. Any change in sentiment tends to be amplified. U.S. stocks fell nearly 3 percent on Wall Street on Tuesday, with all three major U.S. equity indexes in negative territory for the year so far. Any change in direction in the oil markets has the potential to be risk driven by what going on in the equity markets, he said. (news.financializer.com). As reported in the news.