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The Economic Times

Economy / The Economic Times

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

Investors made a massive $950 million bet on oil prices dropping. This happened just hours before the US and Iran announced a ceasefire. The move followed a similar large wager before a previous Trump announcement. Such big bets are unusual, especially when executed late in trading. The market reacted significantly to both events.

10 Apr 2026 12:33 am