# Oil Trader Loses Nearly $15 Million as Crude Futures Fall More Than 8%

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/48985
Published: 2026-11-05T03:08:23.000Z
Updated: 2026-11-05T03:08:23.000Z
Section: Investing

> The account’s cumulative net loss reached about $16.02 million, including unrealized losses, while it retained a large Brent position.

An oil trader on Hyperliquid added nearly $15 million in losses in less than two days as crude futures fell more than 8%, bringing the account’s cumulative net loss to about $16 million.

The account, identified by the address prefix 0x0cc1, had a cumulative net loss of about $16.02 million, including current unrealized losses. Its losses increased by about $14.92 million over the period.

As prices fell, the trader added about $9.52 million in margin, then closed its West Texas Intermediate (WTI) long position and trimmed its Brent long. Those trades realized about $6.62 million in losses: roughly $5.79 million on WTI and $830,000 on Brent.

The account now holds only a Brent long: one million contracts with a notional value of about $93.84 million and an average entry price of $103.15 per barrel. The position has an unrealized loss of about $9.3 million and a liquidation price of $82.40.

Open interest in WTI contracts fell 25.05% over 24 hours, while Brent open interest rose 4.03%. WTI settled at $88.12 a barrel, down 8.3%, and Brent settled at $94.62, down 8.7%; both were their lowest settlements since Aug. 31.