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The latest consumer data further indicates that, amid rising living costs and a weakening job market, American consumers have become more cautious over the past six months. As wars drive up the costs of fuel and raw materials, inflationary pressures have recently intensified. Some companies have already started passing on costs to consumers or announced plans to take similar measures.

Glonghui, April 9th — Occidental Petroleum announced that oil has been discovered in the Bandit exploration area, about 125 miles south of the Louisiana coast in the Gulf of Mexico. The exploration area is operated by Occidental Petroleum, which holds a 45.375% stake. In addition, Chevron and Woodside Energy hold 37.125% and 17.5% stakes respectively. Occidental Petroleum stated in a release that the co-owners are evaluating the results to determine the next steps.

According to Odaily, Arkham stated on the X platform that whale "0x63c" opened a crude oil short position on Hyperliquid valued at one point as high as 30 million US dollars. However, due to the crude oil market's negative funding rate, this whale currently receives a daily funding income of 388,000 US dollars, which is equivalent to an annualized funding income of 142 million US dollars. Nevertheless, due to crude oil price fluctuations, the whale has already incurred an unrealized loss of 2 million US dollars.