Oil Extends Drop Near $11 as ETF Selloff Exacerbates Volatility
Petroleo Brasileiro SA (Petrobras) oil rigs stand under construction at the Verolme shipyard near Angra dos Reis, Brazil. (Photographer: Dado Galdieri/Bloomberg)

Oil Extends Drop Near $11 as ETF Selloff Exacerbates Volatility

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(Bloomberg) -- Crude extended its slide to trade near $11 a barrel after the biggest oil exchange-traded fund unexpectedly began selling all its holdings of the most active contract amid rapidly dw...