Analysis suggests that approximately 70 minutes before reports of a US-Iran consensus emerged, an abnormal short order of $920 million appeared in the oil market, with floating profits of around $125 million

Odaily Planet Daily News: According to analysis by market observation firm The Kobeissi Letter, approximately 70 minutes before Axios reported that the United States and Iran were close to reaching a "14-point" agreement to end the war, crude oil short positions worth about $920 million were established. At 3:40 AM ET today (15:40 Beijing time), without any major news, the market established nearly 10,000 short crude oil contracts. By nominal value, this transaction was approximately $920 million, an unusually large trade for the 3:40 AM timeframe. 70 minutes later, at 4:50 AM ET (16:40 Beijing time), Axios reported that the US was "close" to reaching a "memorandum of understanding" to end the war with Iran. By 7:00 AM ET (19:00 Beijing time), oil prices had fallen over 12%, resulting in floating profits of approximately $125 million on the aforementioned crude oil short positions. (Jinshi)