
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
Source: [https://x.com/KobeissiLetter/status/2052016279746195616](https://x.com/KobeissiLetter/status/2052016279746195616)
Martha Stewart went to prison for much less than this.
Baron makes the most of insider info
Hmm…. nothing to see here
Baron I know it’s early honey but wake up your dad and his friends need you to make a trade
The way my jaw stayed still. Shock.
Do we even have laws anymore?
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.
That leopard is really enjoying your face, now.
We tried to tell you. We tried to tell everyone.
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”.
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.