Gate News message, on April 1, the U.S. Commodity Futures Trading Commission (CFTC) enforcement chief David Miller said on Tuesday that the agency is monitoring the crude oil futures market for any abnormal trading activity. When asked about the related trades, Miller said, “I can’t comment on what we are investigating or not investigating; I can only say that we are closely watching.” According to reports by foreign media, at around 7:05 a.m. on March 23, U.S. President Trump posted on a social platform about delaying strikes against Iran. In the brief period before that, crude oil futures trading volume rose sharply. According to exchange data compiled by the agency, within two minutes starting at 6:49 a.m. that day, financial contracts related to at least 6 million barrels of Brent crude oil and WTI crude oil were sold, while in the same time window over the prior five trading days, the average trading volume was only about 700 lots (equivalent to 700,000 barrels).
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