White House condemns suspicious oil trading ahead of Trump's announcement

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White House condemns suspicious oil trading ahead of Trump's announcement
Photo: Luis M. Alvarez /AP/TT

About fifteen minutes before Trump's remarks on Monday, which caused oil prices to temporarily plunge 14 percent, trading volume for oil contracts increased sharply, according to data obtained by the BBC.

Some analysts believe that the unusual activity could mean that the deals were made with knowledge of the decision.

A White House spokesperson told the Financial Times that they "will not tolerate any administration official illegally profiting from inside information."

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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