Oil volatility little changed as futures rise for a third day
Oil options volatility was little changed as the underlying futures rose for a third consecutive day in New York after manufacturing in the Philadelphia area rebounded and on reports European Union officials have come up with a plan for the region's debt crisis, bolstering the euro.
Crude oil options volatility rose as underlying futures surged as much as 2.8 percent after Reuters reported that Iranian oil exports would drop 300,000 barrels a day this month.