Oil Trader Nets Estimated $125 Million on Suspiciously Timed Bet Ahead of U.S.-Iran Deal Report Nearly 10,000 crude oil short contracts, valued at approximately $920 million, were placed at 3:40 a.m. on Wednesday, May 6, without any major news event, according to market commentary platform the Kobeissi Letter. At 4:50 a.m., Axios reported that Washington and Tehran were nearing an agreement to end the conflict and resume negotiations. Oil prices dropped more than 12% within two hours of the report, generating an estimated $125 million profit from the short position before prices rebounded, the Kobeissi Letter said. [1] The trade…
Newswire
Key Takeaways A Raleigh woman shot her ex-boyfriend in self-defense after he vandalized her car and fired shots at her…
Key Takeaways A 58-year-old man in San Antonio faces charges of aggravated assault after a confrontation with his neighbor escalated…
Adults who walk or bicycle for at least 45 minutes daily to get to work show lower levels of C-reactive…
On Day 1 of “Beyond The Diagnosis,” Jonathan Otto featured Dr. Rodney Russell, who reported that 80% of his clients now…
Beyond diet and drugs: New research suggests natural light could be a simple tool for blood sugar control A new…
Features
The Latest
Yemen’s Iran-backed Houthis have targeted British and American vessels in the Red Sea, forcing Qatar and Saudi Arabia to halt…
The science of longevity: How simple lifestyle changes can add years to your life Regular physical activity boosts circulation,…
Shipping turmoil escalates as multiple vessels (at least six) were struck overnight Brent crude oil prices top $100 amid “the largest…
In this line of work, I have had the pleasure of reading many books on why some people survive while…
U.S. “doomsday planes” take to the skies amid rising nuclear war fears The U.S. military’s so-called “doomsday planes,” the…
Nature’s powerhouses: The top 8 healthiest berries and their remarkable benefits Berries are rich in vitamin C, fiber and…