Brent crude oil futures experienced a significant rebound during U.S. pre-market trading, reaching a high of $108. The BRENTOIL contract on the Hyperliquid platform posted a 3% gain over the past 24 hours, nearly recovering to levels prior to the early-month decline. This rally led to the liquidation of a large short position on BRENTOIL, totaling $2.75 million in volume. The position, opened on April 24, resulted in a loss of approximately $250,000 for the trader.