The US CFTC closely monitors abnormal trading in the crude oil futures market

David Miller, the enforcement officer of the U.S. Commodity Futures Trading Commission (CFTC), stated that the agency is monitoring the crude oil futures market for any abnormal activity. On March 23rd at 7:05 local time, US President Trump posted on social media to postpone the crackdown on Iran, following a recent surge in crude oil futures trading volume. From 6:49 to 6:51 New York time, financial contracts related to at least 6 million barrels of Brent crude oil and WTI crude oil were sold, while the average trading volume during the same period in the previous five trading days was about 700 lots (about 700000 barrels).