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$920 million crude oil short placed 70 minutes before US-Iran 14-point deal report [View all]
A massive crude oil short — nearly $920 million worth — was placed in near-total silence, at 3:40 a.m. ET, with no major news on the wires to justify it. Seventy minutes later, Axios published a bombshell: the United States and Iran were close to a 14-point memorandum of understanding to end their 67-day war. Oil prices crumbled. And whoever placed that crude oil short made an estimated $125 million in a matter of hours.
https://m.economictimes.com/news/international/us/why-did-oil-prices-crash-today-920-million-crude-oil-short-placed-70-minutes-before-us-iran-14-point-deal-report-was-someone-trading-on-inside-information/amp_articleshow/130859559.cms
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