Oil prices are fluctuating and trending upward, with Gate crude oil contract positions firmly holding the top spot.

Odaily Planet Daily News: International oil prices continue to maintain a high-level fluctuating pattern, with market fund participation continuously increasing. According to data from the Gate platform, WTI crude oil (XTIUSDT) reached a 24-hour high of $96.61 and is currently at $95.82; Brent crude oil (XBRUSDT) reached a 24-hour high of $96.61 and is currently at $101.54. Against the backdrop of sustained high price volatility, funds in the crude oil contract market are showing a further trend of concentration.

According to data from CoinGlass, the current open interest amount for Gate platform's WTI crude oil (XTIUSDT) has reached $4.8048 million, and that for Brent crude oil (XBRUSDT) has reached $5.4121 million, with the overall position scale firmly holding the top rank.

Gate Contract has pioneered the commodity contract segment, covering perpetual contract trading for XBRUSDT (Brent crude oil), XTIUSDT (WTI crude oil), and NG (natural gas), offering 7×24 hour trading, USDT settlement, and up to 100x leverage, helping users conduct cross-market asset allocation and strategic deployment during volatile market conditions.