Commodities / NEWS UPDATE
6 Million Barrels in Two Minutes Draws CFTC Scrutiny
Published · 1 min read
On March 23, oil traders sold futures equivalent to at least 6 million barrels of crude in just two minutes, shortly before President Trump withdrew threats against Iran.
The Commodity Futures Trading Commission (CFTC) is investigating these trades, with Chairman Michael Selig emphasizing the agency's serious stance. The CFTC is also monitoring prediction markets for potential manipulation ahead of the upcoming midterm elections.