If this crude oil short position gets liquidated, I reckon the price won't just rise to 102.85. If it gets liquidated over the weekend, the price will probably go even higher.
The position is worth $12.63 million, with an entry price of $96.70 and a liquidation price of $102.85. With oil currently at $100.82, it only needs to rise another 2% to reach the liquidation price.
The position is worth $12.63 million, with an entry price of $96.70 and a liquidation price of $102.85. With oil currently at $100.82, it only needs to rise another 2% to reach the liquidation price.