“ However, proceeds from index futures contracts traded in the
short term are taxed 60 percent at the favorable capital gains
rate, and only 40 percent as ordinary income.
These unauthorised trades caused the price of Brent
Crude oil to rise by over $1.50 a barrel (equivalent to $2.13 in 2023) within a short period of
time, a trend generally associated with major geopolitical events,
before dropping rapidly. ”