Oil spiked $25 a barrel today. The maximum it could move was $10 per trading session. How could it jump $25?

Here is a quote ';The Nymex temporarily halted electronic crude oil trading after prices breached the $10 daily trading limit. Trading resumed seconds later after the daily limit was increased.';


WHY WAS THIS LIMIT REMOVED????????????Oil spiked $25 a barrel today. The maximum it could move was $10 per trading session. How could it jump $25?
It wasn't removed. Trading was stopped for 5 min and then resumed. Once resumed, the price is allowed to go up another $10 before it is again stopped.Oil spiked $25 a barrel today. The maximum it could move was $10 per trading session. How could it jump $25?
Markets often expand the limits during times of volatility. Usually this expansion occurs during the next day. I've never heard of this on the same day before. They're probably worried that if they didn't, all the oil trading would move to London and not come back.
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