The Economic Times

Why did oil prices crash today? $920 million crude oil short placed 70 minutes before US-Iran 14-point deal report was someone trading on inside information?

Oil prices crash today: Nearly $920 million in crude oil shorts entered the market just 70 minutes before reports claimed the US and Iran were nearing a 14-point war deal. Oil prices then crashed over 12%, creating massive profits within hours. The timing shocked Wall Street. Traders now question whether someone saw the Iran deal headlines early. This crude oil short trade is no longer just a market story.