A significant sell-off of 8,600 Brent and WTI crude oil futures contracts, valued at approximately $950 million, occurred during a non-active trading period on April 8. This unusual transaction was followed by a 15% drop in oil futures prices, falling below $100 per barrel, after Trump announced a two-week ceasefire with Iran. Such large trades are typically executed over time to minimize market impact, making this concentrated post-settlement sale rare. A similar event happened on March 23, when a $500 million sell-off occurred shortly before Trump delayed an attack on Iranian energy facilities, also leading to a 15% price drop. Congressman Ritchie Torres has urged the SEC and CFTC to investigate these suspicious trades.
Massive Oil Futures Sell-off Precedes Trump-Iran Ceasefire Announcement
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