Total's' Sweeping Goods+Going Long 'Crude Oil Profits Over $1 Billion, Possible Largest Single Profit in Oil Market History According to BlockBeats, on March 30th, due to the escalation of the situation in the Middle East and the obstruction of the Strait of Hormuz, Total Energy purchased a large amount of Middle Eastern spot crude oil in March and cooperated with the long position strategy of derivatives, earning a cumulative profit of over 1 billion US dollars, or the largest single transaction profit in the history of the oil market. According to reports, Total Energy has "wrapped up" about 70 ships of UAE and Oman crude oil scheduled to be shipped in May, doubling its procurement scale compared to February and forming a dominant position against the backdrop of a sharp decline in market liquidity, driving Dubai crude oil prices from around $70 per barrel to $170 per barrel. Industry insiders pointed out that in the context of disrupted pricing benchmarks and reduced deliverable crude oil, Total has achieved significant influence on prices through centralized holdings and linkage operations with "paper market" tools such as futures and options. At the same time, high oil prices have intensified the cost pressure on Asian buyers and further impacted the existing crude oil pricing system.