Oil
6 Million Barrels in Two Minutes Draws CFTC Scrutiny
CEII brief
OilPrice.com reported on 23 Oct 2026: 6 Million Barrels in Two Minutes Draws CFTC Scrutiny.
Read the full story on OilPrice.comOil traders sold futures equivalent to at least 6 million barrels of crude in just two minutes on March 23, shortly before President Donald Trump backed away from threats to strike Iranian power plants.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
9.5% of world merchandise exports were fuels in 2025Original reporting © OilPrice.com. Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
