Drudge Retort: The Other Side of the News
Thursday, May 07, 2026

Oil prices have plunged on on reports that the US and Iran are nearing a peace deal, a development that paid off big for traders that happened to be shorting crude just ahead of the news.

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Interesting: Net oil trades overwhelmingly driven by shorts, much less long positions, which could explain some of the slow burn via the ALWAYS worth reading @jkempenergy.bsky.social

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-- Mike Madowitz (@mikemadowitz.bsky.social) May 5, 2026 at 9:06 AM

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Even the bankers know it.

Former JPMorgan quant head Marko Kolanovic reacted to oil price moves on the Axios report, saying "Who knows what happens next in blatantly manipulated markets."

#1 | Posted by jpw at 2026-05-06 07:59 PM | Reply | Newsworthy 1

Especially the bankers knew it... this has become the, "Open corruption, so what?" Administration.

Thanks again, Trumpers!

#2 | Posted by Corky at 2026-05-06 08:09 PM | Reply

The account name that was executing the trades was named "Not Barron".

#3 | Posted by Nixon at 2026-05-07 12:43 PM | Reply

It almost seems as if orange shitler is using this war to make some quick cash for his friends and family by manipulating the stock market and through those slimy apps that allow you to bet on war and death? He may be free of any blow back from law enforcement's retribution in the future because of tainted bought for SCOTUS but his clan of corporate vampires and fascist billionaire jackals will have no such protection after he finally croaks for the good of all mankind.

#4 | Posted by Wildman62 at 2026-05-07 01:45 PM | Reply

@mitchkleinmedia

Someone placed a $920 million crude oil short at 3:40 AM.

70 minutes later Axios reported the US and Iran were close to a deal.

Oil dropped 12%.

The trade made $125 million in profit.

Minutes after that Iran launched the "Persian Gulf Strait Authority" and oil surged 8%.

This is the FOURTH time in ten weeks this has happened.

#5 | Posted by ClownShack at 2026-05-07 02:43 PM | Reply

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