A steep Wednesday slide in crude left a Hyperliquid oil trader with about $16.02 million in total losses, including the decline on a Brent long that remained open.
The $16.02 million figure combines losses from past trades with the current shortfall on the open Brent position. The reported total worsened by about $14.92 million in less than two days.
The account contributed about $9.52 million more as margin, closed its West Texas Intermediate (WTI) long and cut back its Brent trade. The WTI exit accounted for about $5.79 million in realized losses, while the Brent reduction added about $830,000, bringing realized losses to about $6.62 million.
After the WTI exit, the trader had one oil position left: a Brent long. It covered one million contracts and carried about $93.84 million in notional value. The position’s average entry was $103.15 per barrel; it showed about $9.3 million in unrealized losses and had a liquidation price of $82.40.
A Nov. 2 snapshot of the account’s oil positions showed $147.37 million in positions and $954,900 in combined unrealized losses.
Wednesday settlements put WTI at $88.12 a barrel, down 8.3%, and Brent at $94.62, down 8.7%. Both benchmarks recorded their lowest settlements since Aug. 31. Over 24 hours, WTI open interest fell 25.05%, while Brent open interest rose 4.03%.
