Sky Partners' Rune crude oil long position has turned a profit, with unrealized gains exceeding $280,000.
PANews reported on March 22 that US President Trump issued a 48-hour ultimatum to Iran, demanding that Iran unconditionally open the Strait of Hormuz within a specified time, or he would destroy all kinds of power plants in Iran. This move has triggered concerns in the global market about crude oil supply and directly pushed up international crude oil prices.
Possibly influenced by the recent oil price surge, on-chain data monitoring shows that Sky's co-founder Rune's leveraged positions in crude oil and stock indices have all turned profitable. Specifically, the 20x leveraged long position in WTI crude oil futures (CL) and the 7x leveraged long position in Brent crude oil have successfully reversed losses and are currently showing floating profits of approximately $155,000 and $130,000 respectively, for a total floating profit of $285,000.
You May Also Like
Fed Chair Powell says FOMC is divided on additional rate cuts in 2025
Powell said the Federal Open Market Committee is weighing interest rates on a meeting-by-meeting basis, with no long-term consensus. US Federal Reserve Chair Jerome Powell said the 19 members of the Federal Open Market Committee (FOMC) remain divided on additional interest rate cuts in 2025.At Wednesday’s press conference after the Fed’s 25-basis-point rate cut, Powell said the central bank is trying to balance its dual mandate of maximum employment and price stability in an unusual environment where the labor market is weakening even as inflation remains elevated. Powell said:Powell said that the “median” FOMC projection from the Federal Reserve’s Summary of Economic Projections (SEP), the Fed’s quarterly outlook for the US economy that informs interest rate decisions, projected interest rates at 3.6% at the end of 2025, 3.4% by the end of 2026, and 3.1% at the end of 2027.Read more
Institutions: The core of the current gold price trend lies in the renewed constraint that rising energy prices are placing on interest rate expectations.
