Crude oil futures main contracts collectively strengthened
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Crude oil prices rebounded slightly, with Gate CLUSDT (WTI crude oil) and BZUSDT (Brent crude oil) contracts ranking among the top in the industry.
According to ChainCatcher, international crude oil prices have recently rebounded after fluctuations, and the energy market remains active. Data from the Gate platform shows that WTI crude oil (CLUSDT) reached a high of $72.80 in the past 24 hours, currently trading at $72.43, a 24-hour increase of 4.79%; Brent crude oil (BZUSDT) reached a high of $76.52 in the past 24 hours, currently trading at $76.13, a 24-hour increase of 4.96%. CoinGlass data shows that Gate CLUSDT contracts had a 24-hour trading volume of $8.2895 million and an open interest of approximately $8.2299 million; BZUSDT contracts had a 24-hour trading volume of $3.3371 million and an open interest of approximately $2.7695 million, both ranking among the top in the industry.
Saudi Arabia drastically cut crude oil prices, with the largest drop in at least 26 years.
Odaily Odaily reports that Saudi Arabia has cut its official selling prices for key crude oil grades to Asian customers in August, the largest reduction in at least 26 years, as surging global supply intensifies competition for buyers. According to a price list, Saudi Aramco lowered the price of its Arab Light crude oil exports to Asia by $11 per barrel in August, representing a discount of $1.50 per barrel to the regional benchmark price. This reduction is larger than the $8 per barrel expected in institutional surveys. Middle Eastern crude oil prices have recently declined. After resuming exports from the Rastanura port on the Persian Gulf, Saudi Aramco had increased its crude oil shipments to approximately 90% of pre-war levels. Before the war, Rastanula was Saudi Arabia's main port of call for crude oil exports. Due to the war's blockade of the Strait of Hormuz, Saudi Aramco diverted most of its crude oil to the port of Yanbu on the Red Sea. Previously, the OPEC+ oil-producing group had agreed to continue a small production increase in August. Now, with the resumption of shipping through the Strait of Hormuz, Gulf oil-producing countries such as Saudi Arabia, Iraq, and Kuwait will be able to utilize their higher quotas. (Jinshi)
South Korean semiconductor stocks saw a pullback, but Gate SKHYNIX futures contracts remained among the top open interest in the sector.
According to ChainCatcher, Gate, the only platform exclusively supporting Korean stock trading, continues to enrich its global equity asset portfolio. Recently, the Korean semiconductor sector has experienced increased volatility, but market trading activity remains high. According to the latest data from the Gate platform, semiconductor leader SK Hynix reached a high of $1654.1 and a low of $1509.9 during today's trading session, currently trading at $1543.1, a daily decrease of 5.03%. According to CoinGlass data, Gate's SK Hynix (SKHYNIX) contract open interest exceeds $24.5448 million, ranking among the top in the industry.
Kalshi seeks CFTC approval for WTI crude perpetual futures: Report
Kalshi reportedly plans to file for approval of a WTI crude oil perpetual futures contract that would trade around the clock five days a week without an expiration date.
Both WTI and Brent crude oil prices fell by about $1 in the short term, while spot gold rose by about $20 in the short term.
According to Odaily data, WTI and Brent crude oil prices fell by about $1 in the short term, while spot gold rose by about $20. In terms of news, Trump did not reiterate his intention to terminate the interim agreement with Iran during the NATO summit.
One hour before Trump's statement, a short position of 21 million (long oil, short Nasdaq) saw significant profits after investors added to their short positions.
According to BlockBeats, on July 8th, Hyperinsight monitoring showed that an address starting with 0xec4 had already established a long position in Brent crude oil with 20x leverage two days prior. Then, approximately one hour before Trump's Middle East statements triggered a market surge, a short position in the Nasdaq 100 was significantly increased with 30x leverage. Subsequently, oil prices jumped, and risk assets came under pressure, leading to profit-taking on both sides. As of press time, the two highly leveraged positions at this address had a combined unrealized profit of approximately $510,000. The return on the Brent crude oil long position reached 189%, and the return on the Nasdaq 100 short position reached 37%. The entry times were as follows: July 6th afternoon: Brent crude oil long position established with 20x leverage; July 7th evening: Nasdaq 100 mapped contract (XYZ100) opened with a base position of approximately 200 contracts with 30x leverage; This afternoon (approximately 1 hour before the statement): Significantly increased short positions, pushing the XYZ100 short position to 600 contracts, valued at approximately $17.304 million, completing the setup just before the news was released. On the news front, Trump's latest statement indicated that the temporary ceasefire arrangements between the US and Iran may have ended, and the market re-priced in Middle East geopolitical risk premiums. Reports indicate that crude oil futures jumped approximately 5% after the statement. Current core positions: Brent crude oil (BRENTOIL) long positions: 50,000 contracts, approximately $3.915 million, average price $71.8645, liquidation price $37.26, unrealized profit approximately $322,000; Nasdaq 100 mapped contract (XYZ100) short positions: 600 contracts, approximately $17.304 million, average price $29,108.44, liquidation price $32,119.96, unrealized profit approximately $161,000.