By Bret Kenwell Oil prices opened near $130 a barrel but are fading from that spot now. How will it respond it from here? The oil trade has been laced with heavy volatility this year and specifically, within the past weeks. Headlines continue to drive violent back-and-forth action in both directions. Big rallies aren’t quite met with the same big downside days, but the action is notable — particularly as oil trades during the overnight session. Shortly after the Globex open at 6 p.m. ET Sunday evening, crude oil futures topped $130 a barrel. That’s given an obvious jolt to the Energy Select Se…