Brent crude oil prices surged to $107.52, marking a 3.67% increase over the past 24 hours, according to trade.xyz. The open interest for Brent and WTI crude oil contracts has surpassed $2.5 billion, positioning them as the second most traded traditional financial instruments after the S&P 500 and S&P 100. In the past hour, Brent crude oil experienced $5.6896 million in liquidations, making it the most liquidated asset across the crypto network during this period. This highlights the volatility and significant trading activity surrounding crude oil in the current market environment.