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The crude oil trading pair on Hyperliquid is experiencing a significant premium compared to the traditional market, with investors betting on a sharp surge in the traditional market's opening on Monday.

BlockBeats News, March 8th, according to Bitget market information, as of the traditional market close on March 6th, Brent crude oil was priced at $93.04, and Crude Oil WTI was priced at $90.9.


However, influenced by the news of production cuts in oil-producing countries in the Middle East over the weekend, a significant premium appeared on the corresponding varieties on Hyperliquid, with Brent crude oil currently priced at $97.47 and Crude Oil WTI at $95.83.


A similar situation was also evident last weekend: on February 28th, due to the full-scale escalation of the US-Iran conflict, the price of on-chain gold represented by PAXG and XAUT experienced a sharp rise, with on-chain gold taking advantage of the black swan event during the traditional market's closing.


BlockBeats reminds users that related assets may experience drastic price fluctuations due to force majeure, and users should invest cautiously.

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