About 6,200 Brent and WTI futures contracts changed hands between 6:49
AM and 6:50 AM in New York – a one-minute flurry worth $580 million,
based on FT calculations using Bloomberg data. Volumes in both
benchmarks – Brent and US West Texas Intermediate – spiked
simultaneously, about 27 seconds before 6:50 AM, while S&P 500
futures surged shortly after.
A
massive $580 million flurry of 6,200 Brent and WTI oil futures
contracts was traded in one minute (6:49–6:50 a.m. EST) on Monday, March
23, 2026, just 15 minutes before President Trump’s Truth Social post
regarding "
productive conversations" with Iran. The, Binance post notes
that these trades preceded a steep drop in oil prices and a rise in
stock futures, raising suspicions of potential insider trading.
Key details:
- Timing: The trades occurred between 6:49 AM and 6:50 AM, with the post appearing at 7:04 AM.
- Value: Approximately 6,200 contracts changed hands, valued at roughly $580 million.
- Market Impact: Crude oil prices, which were trading near , plunged shortly after the post, according to Yahoo! Finance Canada.
- Suspicion: The high volume and precise timing sparked immediate speculation about market manipulation or non-public information, notes Moomoo.
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