Faster global financial news!
Analysis indicates the Trump administration allegedly intervened in an oil market investigation, with a senior CFTC advisor reportedly demanding the withdrawal of an insider trading complaint regarding short selling before the oil price crash on March 23.
According to Protos' analysis, before Donald Trump withdrew his threat to strike Iranian power plants on March 23, which led to a 14% plunge in Brent crude oil futures prices, traders had shorted over 6 million barrels worth of oil futures contracts. Bloomberg revealed that a senior advisor to the Chairman of the Commodity Futures Trading Commission (CFTC) had requested the withdrawal of a tip-off regarding this insider trading. Analysts Paul Sankey and Tim Skirrow believe this could involve government leaks or insider trading. However, Lakshmi Sreekumar, a member of the Dallas Fed Energy Advisory Council, pointed out that the fundamental reasons for relatively moderate oil prices are the rebalancing of global oil flows, including pipeline diversions (37%), decreased Chinese demand (33%), and the release of strategic petroleum reserves (11%).
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
BYD's Denza brand may set up Europe car financing unit as soon as next year to rival BMW, Mercedes
-
2
Martin Shkreli violated a lifetime ban from the pharmaceutical industry, the Federal Trade Commission (FTC) and states allege, CNBC reported.
-
3
Citigroup Inc. (C) Q3 Earnings: EPS $2.85 Beats Estimates, Revenue $23.85 Billion Beats Estimates
-
4
JPMorgan CEO Jamie Dimon warns of security and liability risks from AI agents accessing bank accounts, says firm will restrict outside AI access
-
5
Nikkei 225 rose 0.3%, as investors may be adjusting positions ahead of the release of US CPI data.
-
6
Lookonchain: Papertrade's 24H revenue surpasses Hyperliquid's, ranking third with $6.01M, with daily trading volume reaching $910B and liquidation volume at $28.4B.
-
7
American Express Launches "Intent Intelligence Framework" to Prevent Unauthorized Purchases by AI Agents
-
8
Goldman Sachs: Brazil's First-Round Election Results Trigger "Busiest Week Ever," Foreign Investors Bet on Bolsonaro Victory
-
9
Middle East Tensions Escalate: 24 Ships Attacked in Strait of Hormuz in Two Weeks, Oil Exports Plummet by 81.3%; Houthis Designate Saudi Aramco Facilities as "Legitimate Targets"
-
10
Two-year U.S. Treasury yields turn positive, last up 0.64 basis points at 4.797%; the yield curve between two-year and 10-year Treasury notes last at a positive 40.6.
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
