The Commodity Futures Trading Commission is currently focusing on the situation of the sharp increase in trading volume of crude oil futures.

date
01/04/2026
The head of the enforcement department of the U.S. Commodity Futures Trading Commission said on Tuesday that the commission is closely monitoring trading activity in the crude oil futures market to detect any abnormal activity. "I cannot comment on matters that we are investigating or have not investigated," said CFTC enforcement director David Miller when asked about the trading activity at an event in New York. "All I can say is that we are monitoring the situation." Last week, there were reports that on March 23, after U.S. President Trump announced a delay in attacking Iranian energy infrastructure on social media, trading volume in crude oil futures soared. In just two minutes starting at 6:49 am New York time, financial contracts related to at least 6 million barrels of Brent and WTI crude oil were sold. This was significantly higher than the average trading volume of around 700 contracts, or 70,000 barrels, during the same time period on the previous five trading days. Trump's post on Truth Social was published around 7:05 am that day.