The Commodity Futures Trading Commission is probing an $800 million surge in oil futures trading volumes ahead of Donald Trump's decision to postpone strikes on Iran's energy infrastructure on March 23, The Wall Street Journal reported Tuesday, citing unnamed people familiar with the matter.
The CFTC is examining three companies including TotalEnergies' (TTE) Totsa trading arm which profited around $200,000 from trades, London-based investment firm Qube Research & Technologies, which earned about $5 million, and Forza Fund, which made $10 million, the report said.
No company has been accused of wrongdoing, the Journal reported.
The CFTC and the three companies did not immediately reply to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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