Surge in global betting on energy markets seen on Monday morning 15 minutes prior to Donald Trump’s Truth Social post announcing ‘productive’ talks with Iran
A surge in betting on global oil markets just 15 minutes before Donald Trump announced a temporary halt to his airstrikes on Iran this week has sparked claims of insider trading.
Trump said on his Truth Social platform at 7.05 a.m. Monday: “I am please [sic] to report that the United States of America, and the country of Iran, have had, over the last two days, very good and productive conversations regarding a complete and total resolution of our hostilities in the Middle East.”
Iran denied any such talks had taken place, branding them “fake news”.
But according to Bloomberg, at least 6 million barrels of Brent and West Texas Intermediate were suddenly sold between 6.49 a.m. and 6.51 a.m, raising suspicions that word of the president’s announcement was leaked in advance.
52 Comments
bitjunkie@lemmy.world · 150 pts · 130d
"Concern". Fuck hand-wringing journalism.
Witchfire@lemmy.world · 91 pts · 130d
A 20 year old who steals a pack of oranges is a "hardened criminal", but literal corruption in front of our eyes is "maybe concern, possibly"
raman_klogius@ani.social · 15 pts · 130d
Literal corruption? Try a double front genocide.
CannonFodder@lemmy.world · 72 pts · 130d
Who plays a game that's obviously rigged against them? Just pull out of American markets. All of them.
wheezy@lemmy.ml · 21 pts · 130d
I mean if the American markets crash no market is safe. Money is more fake than it ever has been.
sigmaklimgrindset@sopuli.xyz · 7 pts · 130d
Time to go back to trading pelts.
ultrafastsloth@lemmy.world · 7 pts · 130d
I will trade 1 cask of beer and 10 potatoes for pelts from a billionaire
baitu@jlai.lu · 9 pts · 130d
It's the most juicy market, that's why people continue to invest on it but I noticed more investments on the european market since US became untrustworthy
8oow3291d@feddit.dk · 7 pts · 130d
The market is not just a casino. There are actually people who use oil who buy oil futures. Exiting the "game" would mean not buying or using oil in America, for them.
UnderpantsWeevil@lemmy.world · 3 pts · 130d
I live here. Can't exactly boycott my own backyard
sensualsunset@lemmy.world · 5 pts · 130d
Join a credit union, shop local. just keep it out of the banks and in the hands of your comrades. Sorry about your tax dollars though :(
boonhet@sopuli.xyz · 2 pts · 129d
I'm pulling all my money out of American stock indexes, but this whole oil futures bullshit affects all of us. Even those who don't drive ICE vehicles, because oil going up means diesel going up means food prices going up in grocery stores
melechric@lemmy.world · 46 pts · 130d
Anyone with more than sawdust between their ears knew he was going to do this. It's his modus operandi: cause chaos and watch the markets plummet - then buy cheap and reverse course. Markets recover, and he (and his cronies) profit!
UnderpantsWeevil@lemmy.world · 6 pts · 130d
Except the markets have been bleeding out for months.
A falling tide sinks all ships
phutatorius@lemmy.zip · 4 pts · 130d
A falling tide creates opportunities for short positions.
UnderpantsWeevil@lemmy.world · 1 pts · 130d
Plenty of short sellers (myself included) have been burned, thinking we could predict short term business cycles in advance.
sigmaklimgrindset@sopuli.xyz · 41 pts · 130d
Futures trading is gonna fucking kill us all. More people have gone to jail over sports betting than market manipulation.
MalReynolds@slrpnk.net · 9 pts · 130d
In a sane world it would be illegal, or just betting rather than trading (if there's a significant difference beyond the house being a more forgiving stock exchange).
boonhet@sopuli.xyz · 5 pts · 129d
This is not particularly relevant to this discussion, but it reminds me of the guy on WSB who made a stupid bet on negative oil and almost had to take delivery of a bunch of crude lmao
Fedizen@lemmy.world · 4 pts · 130d
The fact there isn't like a 1 day mandatory delay in making these kind of bets is why this bullshit keeps happening
MalReynolds@slrpnk.net · 37 pts · 130d
“Leaked in advance?” code for don't have the ovaries to say "insider trading".
SlurpingPus@lemmy.world · 3 pts · 129d
You mean like in the first sentence of the article? Do you read in a reverse order?
MalReynolds@slrpnk.net · 2 pts · 129d
Nah, I often read the comments to decide if it's worth reading the article, and sometimes comment off that, oops, you got me. Actually maybe that is reverse order.
Guessing it's pretty much what I expected, and I'm likely to have said much the same anyway.
Hayduke@lemmy.world · 33 pts · 130d
“It’s a big club, and you ain’t in it.”
Ghostie@lemmy.zip · 31 pts · 130d
gAlienLifeform@lemmy.world · 2 pts · 130d
Would you rather they weren't concerned and talked about something else? The problem here is the god damned politicians who keep blowing off stories like this.
Ghostie@lemmy.zip · 1 pts · 130d
WesternInfidels@feddit.online · 31 pts · 130d
"Leaked in advance?"
What reason is there to think that it's not just him (or his family, trusted stooges, and other intermediaries) doing this deliberately for his own profit?
melsaskca@lemmy.ca · 26 pts · 129d
Now there is concern? A little late to the game. This happens weekly. I'm not even sure if the stock market is based on any sort of reality nowadays, after it's been so manipulated by trump and his cabal of opportunistic scoundrels.
IronBird@lemmy.world · 5 pts · 129d
casino has been rigged for a hell of a lot longer than trump and co.
stock market has been the only thing anyone running this country cares about since Carter and Rothschild pegged everyones retirement to the casino
read Reminiscences of a Stock Operator, basically a tongue-in-cheek guidebook to how this shit works written over a century ago
$ is the only thing that has ever been sacred to america
tb_@lemmy.world · 6 pts · 129d
Perhaps, but it wasn't always this blatant and this volume.
DaddleDew@lemmy.world · 21 pts · 130d
Fucking called it. This is fraud. I really hope one day the US government justice system will finally do its job and send people to jail over this.
givesomefucks@lemmy.world · 17 pts · 130d
The trick is not settling for geriatric neoliberals who won't stop talking about how fondly he remembers "the good old days" when Republicans and him smoked cigars, drank whiskey, and conspiracied to prolong school segregation...
Or about how nothing could every make him stop supporting a far right ethnistate currently committing genocide...
Like, most Americans want to hold these asshats accountable. The problem is prior DNCs were rigging primaries. The good news is the modern DNC isn't pulling that type of shit already, and we've been seeing the gains for a minute
wheezy@lemmy.ml · 9 pts · 130d
I bought OILK when it dropped. Israel acting like a toddler and lashing out when it didn't get what it wanted was the most predictable thing ever.
Strait closed again.
humanspiral@lemmy.ca · 9 pts · 129d
$200B of oil contracts were liquidated/stop lossed in about 1 hour.
Margin is such on oil futures that 6 million barrels only costs $60m to "control". $20 drop in oil price is $120m in profits on that $60m bet.
IhaveCrabs111@lemmy.world · 7 pts · 129d
humanspiral@lemmy.ca · 5 pts · 129d
You should have chosen to be a nepo baby instead. Make better life choices, and get a white house internship, to be on the juicy tips mailing lists.
IhaveCrabs111@lemmy.world · 4 pts · 129d
GuyFawkesV@lemmy.world · 9 pts · 130d
This is complete fucking bullshit. We’d better ex post facto the shit out of this corrupt administration.
UnderpantsWeevil@lemmy.world · 4 pts · 130d
I've got Merrick Garland on the phone. He says actually there's nothing we can do. It's all perfectly legal and you're a criminal for going on TikTok to suggest otherwise
OccamsRazer@lemmy.world · 1 pts · 130d
This is standard procedure for politicians and their friends. Acting like it's just Trump allows the issue to resume after he is gone.
sirico@feddit.uk · 8 pts · 130d
We're at concern... It's happened like 6 times source my supposedly slow and steady eft going ham
reluctant_squidd@lemmy.ca · 7 pts · 129d
The only way this flies this long is that the whole lot of them are corrupt. The investors, the platforms, the regulators, the banks. All of them.
Someone needs to start sleuthing to document all those who are even potentially involved, what they are supposed to do, what they aren’t doing and submit the lot of it to the FB… ..
Oh right, never mind..
horn_e4_beaver@discuss.tchncs.de · 7 pts · 129d
Question: is it market manipulation if he has no idea what he's doing?
kikutwo@lemmy.world · 6 pts · 130d
Oh no, strongly worded letter inbound!
phutatorius@lemmy.zip · 2 pts · 130d
Hey, cool your jets. There's a process. It has to start with brow-furrowing.
TwinTitans@lemmy.world · 6 pts · 130d
Of course it was. This guy measures the success of the country as a whole based off the fucking stock market. Its insanity.
Bazell@lemmy.zip · 4 pts · 130d
More insane is the fact that he was choosen twice as a president of the USA. If voting process wasn't compromised in his favor, this raises a lot of questions about self awareness of the USA citizens.
phutatorius@lemmy.zip · 2 pts · 130d
It was compromised, but the self-awareness of USians is also a major concern.
RampantParanoia2365@lemmy.world · 1 pts · 129d
No, it really does not in any way. You can't raise something that's flat against the ceiling.
phutatorius@lemmy.zip · 1 pts · 130d
Based on how he's doing in the stock market.
sturmblast@lemmy.world · 5 pts · 129d
All politicians and their companies should be banned from owning stock
Aceticon@lemmy.dbzer0.com · 5 pts · 130d
The returns for insiders of front-running Trump posts/speeches are way smaller than they would be if he didn't lie and flip-flop all the time: the market simply doesn't react anywhere as much to whatever Trump states than it would if he was honest and consistent, so the spikes up or down (and thus the gains from front-running his statements) are much lower.
RagingRobot@lemmy.world · 5 pts · 130d
Traders!
Blackmist@feddit.uk · 3 pts · 129d
Question is, why are you even allowing trading on it when it's clearly being manipulated to fuck?
8oow3291d@feddit.dk · 1 pts · 129d
Buying oil you need is also "trading". Saying that trading is not allowed is basically saying that no factory is allowed to buy oil...