Officials, analysts debate causes of price flux for crude futures

As the Commodity Futures Trading Commission investigates Monday's record one-day gain in prices for crude oil futures on the New York Mercantile Exchange, government officials and analysts are debating whether it was prompted because a company found itself suddenly short of crude for October delivery after hurricanes shut down Gulf of Mexico production. Howard Gruenspecht, the Energy Information Administration's acting chief, said the price flux was either a short-squeeze or "manipulation."

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