The highly concentrated flurry in Brent and WTI futures could signal possible insider knowledge that triggered a sell-off, the outlet has suggested
Oil traders placed more than half a billion dollars in bets minutes before US President Donald Trump announced “productive” talks with Iran on Monday, the Financial Times has reported.
A burst of activity followed by a sharp price drop has raised questions about possible advance knowledge among market participants.
About 6,200 Brent and WTI futures contracts changed hands between 6:49 AM and 6:50 AM in New York – a one-minute flurry worth $580 million, based on FT calculations using Bloomberg data. Volumes in both benchmarks – Brent and US West Texas Intermediate – spiked simultaneously, about 27 seconds before 6:50 AM, while S&P 500 futures surged shortly after.
The trades came roughly 15 minutes before Trump said on Truth Social there had been “productive conversations” with Tehran to end the war in Iran.
Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: rt.com
