Crude oil prices remain volatile at high levels, boosting trading sentiment, Gate crude oil contract volume continues to lead the market

Odaily Planet Daily News International oil prices maintain a high-level volatile pattern, and market participation enthusiasm continues to heat up. According to Gate platform data, WTI crude oil (XTIUSDT) hit a 24-hour high of $101.76 and is currently trading at $98.78, up 1.50%; Brent crude oil (XBRUSDT) hit a 24-hour high of $105 and is currently trading at $103, up 1.01%. Driven by high price fluctuations, demand for crude oil derivatives trading has been further released.

According to CoinGlass data, Gate platform's WTI crude oil (XTIUSD) 24-hour contract trading volume reached $18,899,300, a month-on-month increase of 229.46%; Brent crude oil (XBR) 24-hour contract trading volume was $9,296,600.

Gate Contract pioneered the commodities contract section, covering XBRUSDT (Brent crude oil), XTIUSDT (WTI crude oil), and NG (Natural Gas) perpetual contract trading, offering 7×24-hour trading, USDT settlement, and up to 100x leverage, helping users conduct cross-market asset allocation and strategic positioning during volatile market conditions.