Suspicious $1.7B oil trades spike before Axios report drops prices

Trading volume in U.S. crude oil futures surged sharply in the hour before an Axios report on a potential U.S.-Iran deal was published, causing oil prices to fall. About $1.7 billion worth of oil contracts changed hands during this spike, raising concerns among experts about suspicious market activity. The Axios report suggested progress toward ending conflict and advancing nuclear talks, which likely influenced the price drop. This event highlights ongoing volatility and possible manipulation in the oil futures market amid geopolitical tensions.