Oil prices fluctuating at high levels boost trading sentiment, with Gate crude oil contract trading volume continuing to lead the market

Odaily Planet Daily News International oil prices continue to maintain a high-level fluctuation pattern, with market participation heat steadily rising. According to data from the Gate platform, the 24-hour high for WTI crude oil (XTIUSDT) touched $101.76, and it is currently trading at $98.78, up 1.50%; the 24-hour high for Brent crude oil (XBRUSDT) touched $105, and it is currently trading at $103, up 1.01%. Driven by high price volatility, demand for crude oil derivatives trading has further been unleashed.

According to data from CoinGlass, the 24-hour contract trading volume for WTI crude oil (XTIUSD) on the Gate platform reached $18.8993 million, a sequential increase of 229.46%; the 24-hour contract trading volume for Brent crude oil (XBR) reached $9.2966 million.

Gate Contract pioneered the commodity contract sector, covering perpetual contract trading for XBRUSDT (Brent crude oil), XTIUSDT (WTI crude oil), and NG (Natural Gas). It offers 7×24-hour trading, USDT settlement, and up to 100x leverage, helping users carry out cross-market asset allocation and strategic deployment during volatile market conditions.