Oil Prices Rise Following Trump's Ultimatum

Oil prices have surged after U.S. President Donald Trump issued a '48-hour ultimatum,' impacting various leveraged positions in the market. According to Odaily, Sky co-founder Rune's 20x leveraged WTI crude oil futures and 7x leveraged Brent oil futures have turned profitable, with floating profits of approximately $155,000 and $130,000, respectively. Additionally, Rune's 7x leveraged Nasdaq 100 short position and 20x leveraged S&P 500 short position are also in profit, bringing the total value of his portfolio to around $11.55 million.