The Daily Beast Latest Articles | White House Confronted Over Huge Bets Made Minutes Before Trump’s Big War Move by Martha McHardy
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The Daily Beast Latest Articles | White House Confronted Over Huge Bets Made Minutes Before Trump’s Big War Move by Martha McHardy
Eduardo Munoz / REUTERSTraders placed nearly half a billion dollars in bets on falling oil prices just 15 minutes before President Trump’s announcement of “productive” talks with Iran sent prices tumbling.
“It’s hard to prove causality . . . but you have to wonder who would have been relatively aggressive at selling futures at that point, 15 minutes before Trump’s post,” one market strategist told the Financial Times of the transactions.
Roughly 6,200 Brent and West Texas Intermediate contracts traded between 6:49 a.m. and 6:50 a.m. on Monday, with unusually large bets in the oil futures market, worth roughly $580 million.
Read more: https://www.thedailybeast.com/traders-made-huge-bets-15-minutes-before-trumps-major-war-u-turn/
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