NEW YORK (CNNMoney) -- Oil prices remained under pressure Tuesday, less than a day after a sharp, sudden drop that had traders scrambling and economists scratching their heads.
The October contract for U.S. crude was down 48 cents to $96.14 a barrel. On Monday, the price of light crude dropped $2.38, or 2.4%, with the contract tumbling more than $3 in less than a minute late in the session.
"Energy prices were extremely volatile yesterday," wrote commodities analyst Stephen Schork, editor of The Schork Report. "The crude oil contract took a swan dive in the late afternoon despite a dearth of fundamental or economic news releases -- did another fund just explode?"
http://money.cnn.com/2012/09/18/investing/oil-prices/index.html?section=money_markets&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_markets+%28Markets%29
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