Energy markets had the wild ride on Wednesday, oil and gas surged only to be slashed a little later in the session:

As covered by Greg in the wrap:

Also overnight, US energy secretary Jennifer Granholm said that all tools were on the table in efforts to contain rising gasoline prices.

  • didn't rule out a ban on crude oil exports
  • asked about an SPR release and said "It's a tool that's under consideration"

Adam had a little more from Granholm here, he was not impressed ... hollow jawboning

Oil slide:

Energy markets had the wild ride on Wednesday, oil and gas surged only to be slashed a little later in the session: