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Oil-price bets ahead of Iran war news totalled $7 billion, reporting shows
Reuters analysis found traders placed short bets worth as much as $7 billion minutes before Iran-related announcements, and oil prices fell more than 10% on key dates.
- A series of well-timed bets totaling as much as $7 billion on falling oil prices occurred across multiple exchanges before major announcements by President Trump regarding Iran.
- The bets included short positions on ICE, CME crude, diesel and gasoline futures, executed minutes before Trump's announcements that caused oil prices to fall.
- The U.S. Commodity Futures Trading Commission is investigating the trades, though the traders' identities and origins are unknown.
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Oil price bets ahead of Iran war news totalled $7bn, shows reporting
Traders place positions before key Trump announcements.Unusual trading activity spans Brent, WTI, gasoline, diesel futures.Experts say trades appear well-informed ahead of policy shifts.A series of well-timed market bets on falling oil prices...
Oil-price bets ahead of Iran war news totalled $7 billion, reporting shows
A series of well-timed market bets on falling oil prices totaling as much as $7 billion during March and April spread across multiple exchanges and types of fuel and derivatives just before major Iranian policy announcements by Trump, according to traders, market experts and Reuters analysis of exchange data.
·United Kingdom
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Total News Sources11
Leaning Left1Leaning Right4Center4Last UpdatedBias Distribution45% Center, 44% Right
Bias Distribution
- 45% of the sources are Center, 44% of the sources lean Right
45% Center
11%
C 45%
R 44%
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