politics @lemmy.worldEnglish · 2 months ago

Minutes before Trump's announcement, $800 million in trades made on oil prices

www.9news.com.au

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Minutes before Trump's announcement, $800 million in trades made on oil prices

www.9news.com.au

Substance_P@lemmy.world to

politics @lemmy.worldEnglish · 2 months ago

115

At 9.50pm AEDT yesterday, there was a sudden spike in trading on the oil and S&P 500 futures market.

6.50am New York time is an unusual time for a rush on trades on West Texas Intermediate May futures.

But it showed that all of a sudden, a substantial sum of money was bet on oil prices dropping and the stock market rising.

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