Oil, stock trading spikes before Trump's Iran remarks spark insider trading suspicions
Thousands of oil contracts -- a far higher volume than normal -- were traded 15 minutes before Trump pledged to halt strikes on Iranian energy infrastructure, sending prices tumbling. Traders who bet on prices dropping ahead of the announcement would likely have profited from Trump's sudden reversal, prompting analysts to question whether some market participants had acted on prior information. FRANCE 24's Yinka Oyetade speaks with Meziane Lasfer, Professor of Finance at Bayes Business School, City University.
Thousands of oil contracts -- a far higher volume than normal -- were traded 15 minutes before Trump pledged to halt strikes on Iranian energy infrastructure, sending prices tumbling. Traders who bet on prices dropping ahead of the announcement would likely have profited from Trump's sudden reversal, prompting analysts to question whether some market participants had acted on prior information. FRANCE 24's Yinka Oyetade speaks with Meziane Lasfer, Professor of Finance at Bayes Business School, City University.
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