Trump Regime Cronies’ War for Profit

‘Between 10:49 and 10:50 AM GMT on Tuesday, 734 oil futures contracts changed hands. In the next 60 seconds, that number surged to 2,168 — 16 times the average volume for the day. Bloomberg estimated the value of contracts traded in that opening minute at $650 million. Fifteen minutes later, at 11:05 GMT, Trump posted on social media that he would halt strikes on Iranian energy infrastructure, citing “very good” talks to end the war. Crude prices plunged more than 14%, reports Yahoo News.

Anyone who shorted oil in those 15 minutes made a fortune.…’ (Ellsworth Toohey via Boing Boing)