It's a jittery afternoon in the oil markets, where crude futures plunged $3 in a single minute...

|By:, SA News Editor

It's a jittery afternoon in the oil markets, where crude futures plunged $3 in a single minute shortly before 2 p.m. for no apparent reason. Some traders blame rumors of a release of the strategic petroleum reserve, but articles were out earlier this morning discussing similar speculation. CNBC’s anchors are floating the idea that options expiry may be playing a role. October crude closed -2.7% at $96.62.