""We have another word for situations in which people with access to confidential information regarding national security - such as plans to bomb or not to bomb another country - exploit that information for profit. That word is treason.""
""Everyone-every analyst, every oil trader-has been questioning downward pressure on prices. Whether or not there's been direct market manipulation by Washington, the administration's jawboning has spooked participants out of trading where physical fundamentals would otherwise push prices.""
""The trades involved roughly 6,200 Brent and West Texas Intermediate futures contracts that were sold between 6:49 and 6:50 a.m. New York time. Trading volumes for S&P 500 futures also spiked moments later, meaning that any potential insider got upside on both ends.""
Approximately $580 million in oil futures were traded in one minute before President Trump's announcement about negotiations with Iran. Economist Paul Krugman labeled this as treason, suggesting exploitation of confidential information for profit. Iran's parliament speaker denied any negotiations, calling the claims fake news aimed at manipulating markets. Analysts noted unusual trading patterns, questioning the downward pressure on oil prices. The suspicious trading involved 6,200 contracts sold shortly before Trump's announcement, indicating potential insider trading activity.
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]