In These New Times

A new paradigm for a post-imperial world

Iran makes a move, oil slides

Posted by seumasach on September 20, 2012

Chris Cook

Asia Times

21st September, 2012

A rapid oil price drop on Monday, September 17, took traders by surprise. [1] 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?

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