Oil prices were higher today, with Brent touching two-week highs in a volatile trade session. “Crude oil has staged an incredible turnaround today,” said Robert Yawger, executive director of energy futures at Mizuho. “There was no big red bullish headline to greenlight the rally, but the combination of beaten down open interest and low trade volume will often encourage wild price swings,” Yawger said. The U.S. 3:2:1 and gasoline crack spreads – measures of refining profit margins – both fell to their lowest since April in a sign of weakening product demand. EIA reports tomorrow are expected to show rising crude inventories. WTI traded up $1.62 or 1.58% to close at $104.22. Brent traded up $1.08 or 1.02% to close at $107.35