Brent crude oil futures have surged 15.6% since May 7, reaching $109.8 per barrel. The BRENTOIL contract on Hyperliquid is trading at $105.37, with a daily volume of $128 million. This price rally allowed a $16 million long position to break even, prompting a whale to reduce its holdings by $5.44 million, from 151,057 to 99,716 contracts. The whale's average entry price was $103.34, and it retains a position worth approximately $10.5 million.