A crude oil whale has increased its short positions to $44.7 million, with unrealized profits expanding to $2.62 million.

According to TradingBeats monitoring, the whale address starting with 0xc568 continued to add to its crude oil short positions from last night to this morning. It added roughly $2.07 million in WTI crude oil short trades and $3.96 million in Brent crude oil short trades, with average entry prices of $86.83 and $92.07 respectively, bringing total new short exposure to around $6.03 million. As of 11:07 today, the address still holds approximately $44.74 million in combined WTI and Brent crude oil short positions, with total floating profits of about $2.62 million. Specifically, the WTI short position is valued at $14.74 million, with an overall average entry price of $89.31, generating $804,000 in floating profits; the Brent crude oil short position is worth $30.01 million, with an average entry price of $95.55, bringing $1.812 million in floating profits. On the news front, Reuters reported today that Middle East tensions and expectations for Russia-Ukraine peace talks have renewed pressure on oil prices. During Asian morning trading, both Brent and WTI crude oil futures fell around 1.2% at one point. In the previous trading session, the two contracts closed up around 1.4% and 0.6% respectively. Beyond crude oil short positions, the address also holds roughly $3.86 million in natural gas long positions, with an average entry price of $3.269, generating $398,000 in floating profits. Currently, both of its two crude oil short positions and one natural gas long position are in profit, with total floating profits of approximately $3.01 million.