Lates News

About 15 minutes before Trump's post on Iran caused the price of crude oil to drop by as much as 14%, contracts representing millions of barrels of oil had already been traded. According to data from the Intercontinental Exchange, within two minutes starting at 6:49 a.m. Eastern Time on Monday, at least 6 million barrels of Brent crude and WTI crude futures contracts were sold, while the average trading volume for the same period over the past five trading days was around 700 contracts (equivalent to 700,000 barrels). Trump's post was released around 7:05 a.m.