Howard Wheeldon
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Commodity prices still volatile

Oil prices have fluctuated on Friday after Thursday's dramatic sell-off on the commodity markets.

At one stage in early European trading, Brent Crude dropped below $106 a barrel, adding to Thursday's massive drop of $12, before recovering.

It is not just oil that's been suffering. Copper, cocoa and precious metals saw huge falls on Thursday, with silver having its steepest drop since the 1982.

Howard Wheeldon is a senior strategist at BGC Partners. He said the plunge in commodity prices was a timely correction.