WTI Crude Oil Down 17% Since May 18 Trump Halt; $22M Short Position Turns Profitable

CL-1.07%
HYPE8.19%
According to BlockBeats citing Hyperinsight, WTI crude oil has fallen approximately 17% since May 18 when Trump halted airstrikes on Iran. On Hyperliquid, a large trader's WTI short position with 20x leverage holding $22 million notional value opened at an average price of $88.90 on May 26 has turned profitable with unrealized gains of $456,000 as of May 29. The trader initiated the position amid market expectations of a U.S.-Iran peace agreement.
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