Agence France-Presse: Suspicious sell-off in the oil market raises suspicions of insider trading.
Just before the US President Trump posted a post on social media about US-Iran dialogue on the 23rd, there was a wave of selling in the oil market, avoiding a significant drop in oil prices with unusual precision, sparking speculation in the market about "insider trading." Reports indicate that the theoretical value of these "precisely timed" trades reaches hundreds of millions of dollars. According to one market source, these operations may have generated tens of millions of dollars in profit. However, the report also states that there is currently no evidence to suggest that Trump is in any way involved in these market operations. The UK's Financial Times believes that these kinds of transactions are "reminiscent of" previous situations seen before the US attack on Iran and Venezuela. Several hedge funds have stated that this is one of several cases of significant early trading occurring in the months leading up to major US official announcements.
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