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Investors placed a $950 million bet on oil prices falling just hours before the US and Iran announced a ceasefire.
Investors sold $950 million in oil futures hours before a US-Iran ceasefire announcement.
KEY POINTS
- The large trade was executed after settlement, which is highly unusual in oil markets.
- A similar $500 million oil futures sale occurred minutes before a key Trump announcement in March.
- Daily Brent crude futures trading volumes have doubled to over 1 million lots since the war began.
COMPANIES
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