An important event has been observed in the oil market in recent days. According to the Financial Times, 15 minutes before US President Donald Trump announced his post about "effective negotiations" with Iran, oil traders carried out suspicious futures deals worth several hundred million dollars. This action caused a sharp change in prices.
Trump's post appeared at 7:04 a.m. Washington time, but between 6:49 and 6:50 a.m., it was reported that more than 6,200 deals were made on the New York Stock Exchange for Brent and WTI crude oil, totaling approximately $580 million. After the president's announcement, oil prices fell sharply, and stock indices began to rise.
However, after the Iranian side announced that no negotiations were underway, exchange rates declined, and oil futures prices rose again. This clearly demonstrated the rapid reaction of the exchange and its sensitivity to global trade.
Analysts note that it is difficult to determine whether these futures contracts are coordinated. And one of the exchange analysts said: "The chosen time raises questions. Someone has become quite wealthy."
The White House, however, denied suspicions of illegal profits based on insider information, emphasizing that the administration's goal is to provide the best for the American people. Kush Desai, Deputy White House Press Secretary, added, "The administration will not allow any official to illegally use insider information, and any hints about such activity are unfounded."
This situation once again demonstrated not only the uncertainty in the US oil market, but also the importance of prompt and sensitive decisions in global energy trade.
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