The crude oil market saw a mysterious short squeeze triggered by a hidden short seller placing a timed order, earning $70,000,000 in one hour

robot
Abstract generation in progress

ME News Report, April 19 (UTC+8), as the United States and Iran continue to tug over ceasefire negotiations, the “mysterious large order” that appears at major milestones has once again hit the crude oil market. According to market trading data and research firm The Kobeissi Letter, at 8:24 a.m. Eastern Time on Friday, crude oil markets suddenly surged in volume without any news, with nearly $800 million worth of trades occurring in a short period, accompanied by a price plunge. Twenty-one minutes later, Iranian Foreign Minister Araghchi announced that the Strait of Hormuz was “completely open” to all commercial ships. U.S. President Trump posted at 9:06, thanking Iran for reopening the strait. By 9:10, U.S. WTI crude futures briefly fell below $80 per barrel. The Kobeissi Letter estimates that this means the trade made a profit of $70 million in less than an hour. (Source: PANews)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin