News

Odaily reported that, according to Onchain Lens monitoring, the wallet associated with Rudy Kadoch (@KadochRudy) (0x9d14...ade8) deposited 3 million USDC into HyperLiquid for the first time, and purchased 50,330 HYPE for 2.018 million USD. The wallet still has pending orders, planning to continue buying HYPE with 982,000 USD.

1. Oil prices fell in early trading on Wednesday, with Brent crude futures down 1.27% to $102.25 per barrel and WTI crude down 1.8% to $93.80 per barrel. According to data from the American Petroleum Institute (API), U.S. crude inventories increased by 6.56 million barrels for the week ending March 13, far exceeding the survey expectation of a 380,000-barrel rise, easing market concerns about supply shortages.2. Positive signals emerged on the supply side: Iraq's oil minister stated that the Iraqi government and the Kurdish Autonomous Region have reached an agreement to resume oil exports through Turkey's Ceyhan port starting Wednesday. Libya's National Oil Corporation said that after a fire at the Sharara oil field, crude oil has been rerouted and production continues.3. Geopolitical tensions remain high. Iran confirmed that Ali Larijani, Secretary of the Supreme National Security Council, was killed in an Israeli attack, making him the highest-ranking official to be targeted since the conflict began. On Tuesday, U.S. forces struck Iranian coastal missile positions near the Strait of Hormuz, claiming they threatened international shipping. Iran's new supreme leader has rejected proposals to ease the situation.4. Analysts pointed out that the death of Larijani and the U.S. strikes on Iran's coast have raised expectations that the conflict may end sooner, but the overall impact on oil prices still needs to be observed.

Fuel prices are soaring, combined with a pullback in futures prices! Glass factories are deeply trapped in the dilemma of "the more they produce, the more they lose." Can cold repair and production reduction reverse the supply and demand pattern? Click to read.