Hard Numbers

Crude timing

The amount of money that was wagered in the oil market on Monday just 15 minutes before US President Donald Trump boasted of “productive” talks with Iran.
The amount of money that was wagered in the oil market on Monday just 15 minutes before US President Donald Trump boasted of “productive” talks with Iran.
Natalie Johnson

Trump’s comments on social media yesterday morning sent fuel prices tumbling, as investors increased their hopes for a swift end to the Iran conflict. But right before the post, there was a flurry of activity between oil traders, per a Financial Times analysis of Bloomberg data. The well-timed trades have raised eyebrows among market strategists, while the White House has denied allegations of sharing insider knowledge.

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