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Trump's Post 15 Minutes Before, "6 Million Barrels of Crude Oil Futures" Contracts Dumped
Odaily Planet Daily reports that about 15 minutes before Trump posted a message about Iran, causing crude oil prices to plummet by as much as 14%, contracts representing millions of barrels of oil had already been traded. According to Intercontinental Exchange data, within two minutes starting at 6:49 a.m. Eastern Time on Monday, at least 6 million barrels of Brent and WTI crude oil futures contracts were sold off, compared to an average of about 7,000 contracts (700,000 barrels) during the same period over the past five trading days. Trump’s post was approximately published at 7:05 a.m. (Jin10)