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Updated from 9:30 a.m. EDT
The U.S. crude oil market traded in wide swings Thursday morning, as prices for light sweet and Brent crude soared nearly $6 a barrel just before the open of regular trading day at the New York Mercantile Exchange.
However, after spiking to an intraday high of $101.54 a barrel, WTI crude futures reversed course and free-fell back near $96 a barrel and ultimately posted a slight gain for the session.
October West Texas crude edged up 72 cents to $97.88 a barrel, and Brent slid 9 cents to $94.75 a barrel. ...
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