Oil prices swung after a scare overnight where prices popped and then moderated, and the yo-yo moves kept stock markets worldwide unsettled.

The US stock market fell from its records on Friday and joined a worldwide drop for stocks after higher oil prices sent a shiver through the bond market.

Australian markets are set to begin the week in negative territory, with ASX 200 futures pointing to a drop of around 0.1 per cent on Monday after both US indexes fell sharply…