BREAKING: Traders placed a massive $950M bet on oil prices falling just hours before the US-Iran ceasefire was announced, per Reuters.
LSEG data shows investors sold 8,600 lots of Brent + WTI futures at 19:45 GMT.
Trump announced a 2-week ceasefire around 22:30 GMT, sending crude down ~15% to below $100.
https://x.com/CryptooIndia/status/2041916403880751266?s=20
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