OIL TRADERS CASH IN BEFORE TRUMP
Traders bet hundreds of millions of dollars on oil contracts just minutes before US President Donald Trump announced on Monday that the US would postpone strikes against Iranian energy infrastructure.
Market data reviewed by the BBC shows the volume of trade spiked around fifteen minutes before a social media post by the president announcing the move.
The price of oil fell sharply after the announcement, dropping 14% in a matter of minutes. Traders who bet on the unexpected move would have made money.
Some market analysts say the unusual activity opens up the possibility that the bets may have been placed with prior knowledge of…
Traders wagered hundreds of millions on oil contracts just minutes before President Trump announced the US would delay strikes on Iranian energy infrastructure, causing a sharp 14% plunge in oil prices and raising suspicions of possible insider knowledge; amid chaotic market reactions to the Middle East conflict, the White House denied tolerating illegal profiteering while markets grappled with volatility driven by shifting war developments.
📰 Via Bbc
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