Last week, allegations started to emerge of market manipulation around the negative oil price seen a few weeks ago. The story found here on Bloomberg talks about unusual profits gained by certain London based traders who sold WTI futures and bought TAS, thus locking in a large profit as the price fell after the pricing window. US Senator Sherrod Brown has written to Heath Tarbert, CFTC Chair expressing his concern. A copy of the letter can be found here.
Alleged manipulation around negative oil price
- Post author:Aviv
- Post published:August 12, 2020
- Post category:Dodd Frank / MAR
- Post comments:0 Comments