Renowned trader 'Loracle' has closed all short positions on WTI and Brent crude oil, securing a profit of $3.1 million. The positions, totaling approximately $20 million, were closed near recent lows, with WTI at around $90 and Brent at $98. This strategic move came just before tensions in the Strait of Hormuz led to an intraday rebound in oil prices.
Trader 'Loracle' Nets $3.1M from $20M Oil Short Positions
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