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News Link • Economy - International

Crude Oil's Quick Fall Leaves Trail of Queries .

• BY JERRY A. DICOLO AND CAROLYN CUI
A plunge in crude-oil prices rippled through financial markets, leaving traders confused and regulators seeking answers.

Oil prices dropped more than $3 in less than a minute late in the trading day on Monday, just as trading volume spiked. The move also dragged down prices of gold, copper and even the euro.

"Traders were looking like deer in the headlights," said Peter Donovan, a floor trader at Vantage Trading on the New York Mercantile Exchange. "I called four different desks, and they all said, 'we don't ...

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