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6 Million Barrels in Two Minutes Draws CFTC Scrutiny

Enforcement staff are examining whether traders used nonpublic information after volume jumped 8.5 times in two minutes, Bloomberg reported.

Summary by Oil Price
Oil traders sold futures equivalent to at least 6 million barrels of crude in just two minutes on March 23, shortly before President Donald Trump backed away from threats to strike Iranian power plants. Now, the federal regulator overseeing those trades says it has been looking into the activity. Commodity Futures Trading Commission Chairman Michael Selig said Friday that the agency's enforcement division has been examining oil trading during th…

7 Articles

BloombergBloomberg
Center

CFTC Reviews Oil Trading Activity During Iran Conflict, Selig Says ...

·New York, United States
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QuartzQuartz
Center

CFTC's Michael Selig said it is probing oil trades before Iran news

The agency's enforcement division has been looking at oil trading since March 23, the date of a spike before Trump backed off Iran strike threats

·New York, United States
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Oil PriceOil Price
Center

6 Million Barrels in Two Minutes Draws CFTC Scrutiny

Oil traders sold futures equivalent to at least 6 million barrels of crude in just two minutes on March 23, shortly before President Donald Trump backed away from threats to strike Iranian power plants. Now, the federal regulator overseeing those trades says it has been looking into the activity. Commodity Futures Trading Commission Chairman Michael Selig said Friday that the agency's enforcement division has been examining oil trading during th…

·New York, United States
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ReutersReuters
+2 Reposted by 2 other sources
Center

US regulator is probing suspicious Iran oil trading, official says

·London, United Kingdom
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Oil & Gas 360Oil & Gas 360

Federal regulators scrutinize oil futures trading during Middle East volatility

The latest oil and gas news, dedicated to all things oil and gas: people, technologies, transactions, trends, and macro-economic analysis that impact commodity prices.

·Denver, United States
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Reuters broke the news in London, United Kingdom on Thursday, October 22, 2026.
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