US Probes Suspicious Oil Trades Made Before Trump Pivots

The top US derivatives regulator is investigating a series of suspiciously well-timed trades in the oil futures market ahead of recent policy pivots by President Donald Trump related to the war in Iran, according to people familiar with the matter.

The Commodity Futures Trading Commission is leading the probe into trading of oil futures contracts on platforms belonging to CME Group Inc. and Intercontinental Exchange Inc., said the people, who asked not to be identified as the information is private. Both exchanges were asked to hand over data, the people said.