Whale closes approximately $44.04 million long position in crude oil, with a loss of about $4.9 million

A whale that had held roughly $148 million in crude oil long positions closed about $44.04 million of CL longs, realizing a loss of approximately $4.9 million, according to monitoring cited by TechFlow on November 5. The same address still holds about $94.79 million in BRENTOIL longs, carrying an unrealized loss of roughly $8.35 million. The partial exit shows the position being cut at a loss rather than held through the drawdown, with the remaining Brent exposure still underwater. Traders will watch whether the whale continues to unwind the BRENTOIL leg and whether further deleveraging adds pressure to oil-linked positions.