Brent Crude Oil Surges Above $107, Largest Single-hour Liquidation in Crypto History

BlockBeats News, April 29th: Today, the prices of both West Texas Intermediate (WTI) and Brent crude oil continued to rise. Brent crude oil is currently trading at $107.52 on trade.xyz, representing a 24-hour gain of 3.67%. The open interest for Brent crude oil and WTI crude oil contracts on trade.xyz has both exceeded $250 million, ranking just below the S&P 500 and S&P 100 in traditional financial trading instruments.

At the time of writing, a liquidation of $5.6896 million occurred in the Brent crude oil market within the past hour, making it the largest liquidation in the entire cryptocurrency network in the last hour.