Unidentified traders executed a highly suspicious $430-million bearish bet on crude oil futures roughly 15 minutes before President Trump announced an indefinite extension of the U.S.-Iran ceasefire.
Unidentified traders executed a highly suspicious $430-million bearish bet on crude oil futures roughly 15 minutes before President Trump announced an indefinite extension of the U.S.-Iran ceasefire. The traders placed a total of 4,260 sell orders for Brent crude futures during a “post-settlement” period when trading volume is typically extremely low, with the directional trades occurring between 19:54 and 19:56 GMT on Tuesday, just minutes before Trump announced the extension around 20:10 GMT on Tuesday.
Brent crude prices plunged from $100.91…