U.S. probes whether traders profited off tips on Russia at #OPEC+
Thursday, 23 April, 2020, 10:40
The U.S. is investigating whether traders with inside information on Russia’s negotiations with other oil producing nations made hundreds of millions of dollars from illegal wagers on crude price swings, according to two people with direct knowledge of the matter.
The Commodity Futures Trading Commission probe is focused on whether aspects of the strategy that the Russian government pursued last month with other members of the OPEC+ coalition leaked out to market participants ahead of time, said the people who asked not to be named because the scrutiny isn’t public. For the same reason, the U.K.’s Financial Conduct Authority is also investigating suspicious trades in futures contracts, one of the people said.
#Fitch Withdraws City of Yerevan's Ratings125424.11.2020, 12:50
Beringer aero suspends all deliveries to Turkish UAV94406.11.2020, 21:30
Bombardier (BRP) suspends delivery of aircraft engines used by Turkey in combat drones122324.10.2020, 12:40
The price of Azeri oil continues to fall: Economist (photo)84902.10.2020, 20:10
#Bloomberg: Cyprus blocking #EU sanctions against Belarus70310.09.2020, 13:30
Apple Surges to $2 Trillion Market Value72619.08.2020, 20:25
Sumner Redstone Dies at 97; Built Media Empire and Long Reigned Over It80812.08.2020, 21:20
Insured losses from Beirut blast seen around $3 billion: sources52011.08.2020, 23:40