Iran makes a move, oil slides
Posted by seumasach on September 20, 2012
21st September, 2012
A rapid oil price drop on Monday, September 17, took traders by surprise.  Who exactly dumped some 13,000 contracts of CME’s West Texas Intermediate crude oil contract and 10,000 contracts of the Intercontinental Exchange’s (ICE’s) Brent/BFOE crude oil contract into the market cratering the price by more than US$3 per barrel?