$760 Million Oil Shorts Placed Minutes Before Hormuz Announcement (Report)
Dark Mode Toggle Ball Crypto News Today Market Updates Margin Trading Guides Videos Price Analysis BTC Analysis ETH Analysis XRP Analysis Bitcoin For Beginners Interviews Editorials DeFi & NFT Buy Crypto Language Bulgarian Turkish Spanish © Copyright CryptoPotato Home » Crypto News US President Trump, alongside Iran’s foreign minister, announced a major de-escalation yesterday on the war front, indicating that the Strait of Hormuz will finally be reopened. The statement had a major impact on almost all financial markets, especially oil, given the Strait’s significance. USOIL, for example, plunged by over 11%. It traded at $90 per barrel before the announcement, but dumped to a five-week low of under $80 within minutes. As with many previous such major statements, reports emerged that traders had placed big orders just minutes before the announcement went live. According to Reuters, inves
Source: https://cryptopotato.com/760-million-oil-shorts-placed-minutes-before-hormuz-announcement-report/
