At 3:40 AM ET today, nearly 10,000 contracts worth of crude oil shorts were taken without any major news.

    This is equivalent to ~$920 million in notional value, an unusually large trade for 3:40 AM ET.

    At 4:50 AM ET, just 70 minutes later, Axios reported that the US is "close" to a "memorandum of understanding" to end the Iran War.

    By 7:00 AM ET, oil prices had fallen over -12% with these crude oil shorts gaining approximately +$125 million.

    Minutes later, Iran launched the "Persian Gulf Strait Authority" and oil prices surged +8%.

    What just happened?

    https://i.redd.it/y19ltmxv2jzg1.png

    Posted by Boo_Randy_Revival

    11 Comments

    1. NecessaryMarzipan929 on

      Baron I know it’s early honey but wake up your dad and his friends need you to make a trade

    2. Boo_Randy_Revival on

      What was accomplished exactly, Trump?

      You didn’t topple Iran.
      You didn’t “free” its people.
      You didn’t regime change.
      The Strait was open, now it’s closed.
      Oil was at $55 a barrel, now it’s $100.
      The uranium you wanted is still in Iran.

    3. Groovychick1978 on

      That leopard is really enjoying your face, now.

      We tried to tell you. We tried to tell everyone. 

    4. It seems obvious the “strategy” is exactly to make money off this. They’re all in on it. Trump doesn’t give a fuck how he looks. He’s making bank for himself, his family and “friends”.

    5. IcyKindheartedness76 on

      Couldn’t have been congress or senate….

      Easier to blame Barron….

      This is why we never get anything accomplished.

      Stoke that hate fire kids ….

      While we continue to let the real crooks continue.

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