Oil prices fluctuate upward, with Gate crude oil contracts maintaining top positions in open interest

According to Odaily, international oil prices have maintained a high-level volatile pattern, with market participation continuing to rise. Data from the Gate platform shows that WTI crude oil (XTIUSDT) reached a 24-hour high of $96.61 and is currently trading at $95.82; Brent crude oil (XBRUSDT) hit a 24-hour high of $96.61 and is currently at $101.54. Amid the ongoing high price volatility, funds in the crude oil contract market are showing a further concentration trend.

According to CoinGlass data, Gate platform's WTI crude oil (XTIUSDT) current open interest stands at $4.8048 million, while Brent crude oil (XBRUSDT) open interest is $5.4121 million, with the overall open interest scale firmly ranking first.

Gate Futures 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, helping users conduct cross-market asset allocation and strategic deployment amid volatile market conditions.