Odd things are happening in the markets. Last Monday, 15 minutes before Donald Trump posted an announcement that “productive talks” with Iran had taken place, oil traders placed half a billion dollars’ worth of bets on the future price of oil. Trump’s statement triggered a drop in crude oil prices, and it seems as if some people knew that the announcement was coming, and so a profitable wager was made. Do not be envious; some people are just born lucky.
We do not know if the transactions were made with prior knowledge of political developments, but it’s a hell of a coincidence. It all appears “abnormal for sure”, an oil analyst told the BBC.
