Oil's war-driven volatility pulls in record retail money, fueling ‘meme-style' trading [CNBC]
GameStop Corporation (GME)
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Source: CNBC
The rush has prompted some analysts to draw parallels with past retail trading frenzies in stocks such as GameStop or commodities like silver. In this article Oil prices slipped on Monday, after U.S. President Donald Trump called on other countries to help safeguard the Strait of Hormuz. Bloomberg Creative | Bloomberg Creative Photos | Getty Images The Iran war news flow-driven oil moves are drawing retail investors into the world's most traded commodity, further fueling volatility. Small investors have poured record sums into oil-linked exchange-traded funds in recent weeks as prices have whipsawed amid the Middle East conflict and fears of extended disruptions to crude flows through the Strait of Hormuz. The rush has prompted some analysts to draw parallels with past retail trading frenzies in stocks such as GameStop or commodities such as silver, signaling that crude oil market could be exposed to “meme-style” trades. “Oil is now definitely a retail ‘meme theme'. Ret
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