Trump delays sanctions on Iran; crude oil futures show unusual activity in March, CFTC launches investigation

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ME News, May 20 (UTC+8): A few minutes before Trump paused his strike on Tehran on social media, the market saw intense volatility, and more than $800 million in crude oil futures trading was completed within minutes. After that, oil prices fell by as much as 13%, and some traders profited as a result. On the day, at least five companies reported earnings exceeding $5 million. The CFTC is investigating whether there was any Trump-related information leakage or insider trading. Three companies under investigation include Qube, which earned approximately $5 million in profit; Forza Fund, which netted approximately $10 million; and Total’s subsidiary Totsa, which earned about $200k. These companies have not been charged, and the algorithm-driven market makes it difficult to define trading motives. Some companies say their decisions were based on a news headline published before Trump’s post. At present, the CFTC investigation is still ongoing. (Source: MLion)
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