WTI Trader Loracle Suffers Two Liquidations, Reopens Short Position After Oil Price Surge

Trader Loracle suffered two system liquidations during the overnight oil price surge, with about 106,500 WTI short contracts liquidated at an average price of $92.3. According to Odaily, the two liquidations resulted in losses of about $681,200, plus about $786 in fees, making it the largest liquidation across the network in the past 24 hours. About 12 minutes later, Loracle resumed shorting. The trader now holds 27,700 WTI short contracts in 3x isolated margin, opened at an average price of $92.2, with a position value of about $2.547 million and a liquidation price of about $155.05. Unrealized profit stands at about $14,400, with a return of about 1.68%. Loracle has also placed 19 non-reducing sell orders between $93.4 and $95.2, planning to add another 15,000 short contracts with orders worth about $1.425 million. If all orders are filled, the WTI short position would rise to 42,874.228 contracts, with a notional value of about $3.9725 million. Separately, the Houthis in Yemen said they attacked two Saudi oil tankers. U.S. President Donald Trump later said he was considering resuming large-scale military action against Iran, and WTI crude rose to as high as $93.