Oil-price volatility fell to a record amid speculation that crude-supply growth in the U.S. and spare Saudi Arabian production capacity will avoid any shortages resulting from strengthening economies. The 20-day historical volatility of Brent crude declined to 8.1 percent at 3 p.m. in London today, set to be the lowest since the contract began trading in 1988, according to data compiled by Bloomberg News. Spare capacity in Saudi Arabia and booming U.S. output of oil from shale-rock formations are preventing price surges, while stable global economic recovery and steady stimulus measures by the Federal Reserve avert a slump, BNP Paribas SA said. “It can be taken as a sign that markets are deemed to be in equilibrium, with no clear fundamental imbalances,” Olivier Jakob , managing director at consultants Petromatrix GmbH in Zug, Switzerland, said by e-mail today. Brent futures traded as low as $103.95 a barrel and as […]