> They did it again: MASSIVE oil futures trade this morning minutes ahead of Trump Admin claims that a deal was close

A large crude-oil (CL1:COM) (USO) short position is drawing scrutiny after market analysts on Wednesday flagged unusual trading activity ahead of major diplomatic news.

The Kobeissi Letter reported that nearly 10K contracts—worth about $920M in notional value—were placed at 3:40 a.m. ET, roughly 70 minutes before reports the U.S. and Iran were nearing a 14-point memorandum of understanding to end the war.

According to Kobeissi, crude fell more than 12% by 7 a.m. ET, leaving the short position with an estimated $125M gain. Oil later reversed sharply after Iran announced the so-called “Persian Gulf Strait Authority,” sending prices up 8%. It remains unclear who was behind the trade.

https://seekingalpha.com/news/4586937-m … al-reports




Four of the five board seats on the Commodities Futures  Trading Commission are vacant and the fifth is a Trump appointee so don’t expect any serious investigation here.