$580 million oil bet just before Trump's announcement.

Within seconds before Trump's ceasefire post, traders placed extraordinary large oil future bets, roughly 1,500 contracts on Brent, WTI crude oil.

13 million barrels were traded between 1049 to 1050 GMT worth well over $500 million.

Some report cite 6200 contracts at 580 in that minute immediately after Trump announced

that 1105 GMT, which is like 15 minutes later, 13,000 plus contracts, 13 million barrels,

exchange hands in one minute oil prices plunged on the news.

Brent crude oil fell 15% from 112 to 99.

And WTI fell from 99 to 86 by comparison.

Before the war, Brent traded at 300,000 contracts a day.

Recently, daily volume have jumped to 1,000 contracts a day. Tom, thoughts volume have jumped to a thousand contracts a day. Tom,

thoughts on this story. I hate it. I absolutely hate this because the average American, the average

investor has no access to this. Who knew what the president was going to say? A circle of people

in Washington, D.C. They know what the president's going to say. And these contracts

are going out and basically after our trainings that some people don't even have access to,

and they put this out here. You know, this is why we need the insider trading rules that they won't

pass. You know, I look at this and I come to this, I've said it before. It's like, we don't

need term limits. We need jail.

You know, it's like, it's like if you're, there's the old joke.

If a senator is elected, what should he get?

And then the answer is 24 to 36, right?

If you were elected.

This disgust me, Pat.

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