Unbiased AI-powered news
A long position of 500,000 contracts valued at $36.85 million faces a liquidation price of $71.54. The position is currently down more than $2.24 million.
A trader holding 500,000 xyz:CL long contracts valued at $36.85 million is approaching liquidation at a price of $71.54. The position has declined more than $2.24 million from its entry point.
The contracts represent a directional bet that oil prices would rise. Current market levels have moved the position close to automatic liquidation. Liquidation would occur if the contract price reaches $71.54. The reported loss reflects the difference between the position's entry value and its current mark-to-market value.
nbcnews.comVice President JD Vance announced that Iran will allow International Atomic Energy Agency experts to resume operations inside the country. Washington also said it will lift sanctions on Iranian oil exports and reopen the Strait of Hormuz. Tehran stated it made no new commitments…
The U.S. Treasury Department issued a general license allowing the production, delivery and sale of Iranian-origin crude oil, petrochemical products and petroleum products. The license remains valid through August 21.
keeptalkinggreece.comA technical accident at the Barzan local gas supply facility in Ras Laffan killed 13 workers and injured 66 others on Sunday night. Qatar's energy minister said the blast was not sabotage and would not affect exports.