Brent crude oil futures surged in the U.S. pre-market session, reaching $108, marking a significant recovery from earlier losses. On the Hyperliquid platform, BRENTOIL gained 3% over the past 24 hours, nearly recouping losses from the beginning of the month. During this rally, a large short position in BRENTOIL was liquidated, totaling $2.75 million, with a loss of approximately $250,000. This position was initially opened on April 24.