Energy & Climate
Oil market manipulation through algorithmic trading amplified by Trump's peace deal tweets
Mario Nawfal Interviews
IRAN REJECTS $6 BILLION IN RETURN FOR FREE HORMUZ PASSAGE - w/ Jeffrey Currie
"algorithmic trading made it easier to manipulate the markets. So what Trump did in the last few weeks worked so well, him putting out those tweets saying that a peace deal is imminent, negotiations are ongoing, things are going great. And the purpose of doing that was because of these algorithms, the trading algorithms."
Energy analyst Philip Pilkington argues that algorithmic trading systems have made oil markets more susceptible to manipulation, with Trump's optimistic tweets about Iran peace negotiations deliberately feeding data to automated trading systems. Despite crude oil prices crashing, gasoline and diesel remain elevated, suggesting the market fundamentals don't support the price movement. The guest notes that 100-150 million barrels flooded the market in three weeks, but questions whether any will reach Western markets.
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Mario Nawfal Interviews