Crude Oil Prices Stabilize at High Levels, Gate Platform Leads Industry in Crude Oil Contract Trading Volume

Odaily News On March 30, international crude oil prices entered a consolidation phase at high levels following a rapid earlier uptrend. According to Gate platform data, WTI crude oil (XTIUSD) is currently trading at $101.03, having touched a 24-hour high of $103.86; Brent crude oil (XBRUSD) is currently trading at $108.00, having touched a 24-hour high of $109.39. Against the backdrop of price stabilization at elevated levels, market divergence has intensified, with short-term volatility continuing to expand, significantly boosting trading activity in crude oil-related contracts.

Coinglass data shows that the 24-hour trading volume for WTI crude oil (XTIUSD) contracts on the Gate platform reached $8.1307 million, an increase of 197.50%, ranking first among all exchanges; Gate XBR 24-hour trading volume was $5.508 million, an increase of 234.83%, also topping the list. Driven by high volatility, capital participation continues to rise, further highlighting Gate platform's advantages in liquidity and market depth within the energy derivatives sector.

Gate Contract pioneered the commodity contract sector, covering XBRUSDT (Brent Crude Oil), XTIUSDT (WTI Crude Oil), and NG (Natural Gas) perpetual contract trading. It offers 7×24 hour trading, USDT settlement, and up to 100x leverage, assisting users in cross-market asset allocation and strategic positioning during volatile market conditions.