CFTC Chair's Adviser Told Staff to Retract Suspicious Oil Trade Analysis
CFTC Staff Were Told to Retract Analysis of Suspicious Oil Trades
When Trump reversed course on striking Iranian power plants, billions in oil and S&P 500 futures moved 15 minutes before his Truth Social post. CFTC staff investigating the suspicious trades were ordered to retract their analysis after the chairman's adviser intervened and took over the examination.
Billions of dollars’ worth of contracts predicting oil would fall and the S&P 500 would rise were placed about 15 minutes before the president announced his U-turn in a post on Truth Social, fueling widespread speculation about whether someone had an unfair advantage.