If you are a commodity trader then you should know this secret club that runs the world.
A group of oil traders were driving crude oil prices higher some two years ago.
Delta Airlines complained Commodity Futures Trading Commission regarding this.
When nothing was done. Delta hired a commodity trader and appointed him as a Vice President of Delta.
This commodity trader was authorized to make a pure speculative trade and make $100 million for Delta Airlines.
Today oil prices are down. The dynamics were different this time that drove oil prices down.
Saudi Arabia has been pumping oil and flooding the market with cheap crude oil.
This was done to break the back of Shale Oil Producing Companies.