Update 2: NYMEX GASOLINE, HEATING OIL LIMITS NOW 50 CENTS, CRUDE $20. Basically the CME just doubled daily limits. Of course, the CME is happy to double the drops... but never the surges.
Update: CME RESUMES TRADING ON NYMEX CRUDE, PRODUCTS FUTURES
Uh, what?
CME HALTS TRADING ON GAS, CRUDE OIL, HEATING OIL FUTURES
CME TRADING HALT IN ENERGY FUTURES WILL LAST 5 MINUTES