Traders placed $580mn in oil bets ahead of Donald Trump’s social media post on Iran talks
https://www.ft.com/content/1171d623-3709-4f6e-8ded-a5df4ec57696?accessToken=zwAAAZ23L3Gdkc8RcdYjNwlPbtON7aXfTsV2lgE.MEUCIDqhvWRNedGRYYWc4iezS3PvALqUNOIFQc89etDDtG2dAiEA4AWvaXa1vmAlo_jrWURWdvt1dzJeyW0QsOOsXrcYhwA&segmentId=c50c86e4-586b-23ea-1ac1-7601c9c2476f
Posted by financialtimes
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Traders made bets worth half a billion dollars in the oil market about 15 minutes before Donald Trump’s post touting “productive” talks with Iran sent the price of crude tumbling and ignited volatility in other assets.
Roughly 6,200 Brent and West Texas Intermediate futures contracts changed hands between 6.49am and 6.50am New York time on Monday, just a quarter of an hour ahead of the US president’s post on Truth Social that there had in recent days been ‘productive conversations’ with Tehran to end the war in Iran. The notional value of those trades was $580mn, according to FT calculations based on Bloomberg data.
Read the full story for free [here](https://www.ft.com/content/1171d623-3709-4f6e-8ded-a5df4ec57696?accessToken=zwAAAZ23L3Gdkc8RcdYjNwlPbtON7aXfTsV2lgE.MEUCIDqhvWRNedGRYYWc4iezS3PvALqUNOIFQc89etDDtG2dAiEA4AWvaXa1vmAlo_jrWURWdvt1dzJeyW0QsOOsXrcYhwA&segmentId=c50c86e4-586b-23ea-1ac1-7601c9c2476f).
Rachel – FT social team
Blatant insider trading and market manipulation from the orange basterd and his people.
Golly! They are crooks? Who knew?