Oil steadied on Friday in a volatile session, as bearish fundamentals pressured prices despite bullish indications earlier in the week.
International benchmark Brent crude futures were two cents higher at $34.4
With elections and leadership changes in the most powerful countries, Europe in crisis, ferment in the Middle East and worsening economic hardship driving unrest and discontent everywhere, 2012 could be just as volatile as 2011 if not worse.
India's Bharat Oman Refineries will soon file for an initial public offer to raise up to Rs25 billion ($635 million), three banking sources involved in the deal said.
Bharat Oman Refineries is an equal joint venture between state-run Bhara
Stock market volatility returned with a vengeance in 2007 and is not going away any time soon.
The rise in volatility was reflected in the kind of year financial markets had, marked by big market swings due to the worsening global credit