$7 Billion in Oil Bets Under Investigation

The Commodity Futures Trading Commission has launched an investigation into short oil bets worth a total $7 billion, made in March and April right before statements by President Donald Trump that led to oil price drops, Reuters has reported, citing exchange data and unnamed trading sources. Earlier reports pegged the suspiciously timed bets at a total of $2.6 billion, the publication added, noting that the news had prompted warnings by the U.S. administration to staff about using information that has not yet been made public for personal financial…