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Brent Crude Jumps Above $90 on Military Resumption, Up 16% Since July 8; Whale Nets 97% Return

2026-07-20 07:53:37

According to Hyperinsight monitoring, on July 20, Brent crude oil futures main contract surged above $90, hitting an intraday high of $90.97 and trading near $89, up approximately 16% since military actions resumed on July 8. A major whale (0x0e0) opened a 32,738 BRENTOIL long position on July 8 at an average entry price of $77.8202 (approximately $2.547 million), and now holds it with 7x leverage. With the mark price at approximately $88.62, the position is valued at roughly $2.9 million, recording an unrealized gain of approximately $353,600, equivalent to a 97.1% return.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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