A couple of weeks ago, we reported that traders had ramped up bearish bets on oil prices, with traders pouring nearly $1 billion into the ProShares UltraShort Bloomberg Crude Oil ETF (SCO), a leveraged bet on falling prices following war-driven highs. This massive buildup in bearish sentiment came shortly before U.S. President Donald Trump announced a 2-week ceasefire on April 7, which sent oil prices plunging nearly $20 per barrel from recent highs. And now fresh reports have emerged that something far more sinister could be lurking in financial…
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