NEW YORK (CNNMoney.com) — Oil prices have surged more than 50% from the start of the year, but don’t expect a return to triple digits anytime soon — worries about the pace of an economic recovery will continue to drive near-term volatility.“The market is manic right now,” said Phil Flynn, analyst at PFG Best. “This is more uncertainty than I’ve seen in a very long time: big rallies followed by big breaks, and that’s reflective of feelings about the overall economy.”
Concerns about the recession — and more recently the timing of recovery — have translated into some big swings.
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