Hours before truce, traders placed bets worth $950M on a crude fall - News Summed Up

Hours before truce, traders placed bets worth $950M on a crude fall


AdvtJoin the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETEnergyworld industry right on your smartphone! Download the ETEnergyworld App and get the Realtime updates and Save your favourite articles. London: Investors placed an approximately $950 million bon oil prices falling just hours before the US and Iran announced a ceasefire, the latest large wager on the direction of the world's most traded commodity ahead of a major policy announcement by President Donald Trump.On Tuesday, investors sold a combined 8,600 lots of Brent and US crude futures at 1945 GMT, according to LSEG data.


Source: Economic Times April 10, 2026 04:50 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */