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CFTC probes $2.2 billion in suspicious oil futures trades

Regulators launch probe into pattern of suspiciously timed trades

Minutes before Iran announced the temporary reopening of the Strait of Hormuz, traders sold nearly $760 million in oil futures betting prices would fall — and were proven right when Brent crude dropped to $88.73 a barrel. The trades occurred between 14:24 and 14:25 CET on April 17, involving 7,990 Brent futures contracts, the largest … Weiterlesen …