Yesterday, international oil prices plummeted due to market news, causing nearly 10,000 short positions to suddenly appear, with potential profits exceeding 1.25 billion US dollars.
According to the analysis agency The Kobeissi Letter, at around 3:40 AM Eastern Time on Wednesday, nearly 10,000 short oil contracts suddenly appeared without major news. The nominal value of this order is equivalent to $9.2 billion, which is "unusually large" for the early morning trading session in the United States. About an hour later, the "Axios News Network," which has been active in recent disclosures about U.S.-Iran negotiations, reported that the United States is close to reaching a memorandum of understanding with Iran to end the war, triggering a comprehensive collapse in the oil market. The Kobeissi Letter calculated that by 7 AM Eastern Time, oil prices had plummeted by over 12%, and the suspicious short oil positions from earlier had a profit of over $125 million.
Latest

