Oil Price Spike?!?

Algos that fade the final gasps of the Trump tweet move are cleaning up too. An algo that gets in early and rides the Trump tweet move, and then reverses itself at the top or bottom after the move has reached exhaustion, is something I'd be willing to throw money at.
 
Here4money said:
f**ng shitshow, would've hated to have been on the wrong end:
https://www.bloomberg.com/news/arti...dis-russia-will-cut-production-after-mbs-call
Trump’s Disputed Claim of Saudi, Russia Oil Cuts Jolts Markets

Immediately following Trump’s tweet, Saudi Arabia said it had called an “urgent meeting” of the OPEC+ alliance that includes Russia, as well as other unnamed nations, to discuss a “fair agreement,” signaling it would only cut output if others do so.

One person familiar with the Trump administration’s discussions with the Saudis said there was widespread internal confusion about what the president meant by his tweet and that the figures he posted may not be reliable.

Trump also said he had spoken to Saudi Prince Mohammed bin Salman, who had in turn spoken with Russian President Vladimir Putin. But a Kremlin spokesman, Dmitry Peskov, said the conversation hadn’t happened and that no production cut had been agreed with the Saudis.

The White House declined to comment on the tweets. Crude oil futures in New York surged as much as 35%. Prices have since retreated and were up about 21% at $24.58 a barrel at 1:39 p.m.
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Instant $7K loser on a measly 1 lot WTI future.
 
VolSkewTrader said:
Instant $7K loser on a measly 1 lot WTI future.
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Sorry to hear. The only safe thing these days seems to be dairy and meats. (Until LE hit a limit down today, AGAIN!) Damn! Time to try some Class IV milk or Uranium futures!
 
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