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The top US derivatives regulator is investigating a series of suspiciously well-timed trades in the oil futures market.
The CFTC is probing suspicious oil futures trading before Trump’s Iran policy announcements.
KEY POINTS
- Both CME Group and ICE have been asked to provide detailed trade and entity identification data.
- Large trades occurred minutes before Trump’s March 23 and April 7 Iran announcements impacted oil prices.
- Senators urged CFTC involvement, and the White House warned staff against trading on sensitive information.
- CFTC must obtain Brent oil trade data via the UK’s FCA due to ICE Futures Europe's London location.
COMPANIES
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