Oil prices are fluctuating upward at a high level, with Gate crude oil contract positions firmly holding the top spot.

Odaily Planet Daily reported that international oil prices continue to maintain a high-level fluctuating pattern, with market capital participation steadily increasing. According to Gate platform data, WTI crude oil (XTIUSDT) hit a 24-hour high of $96.61 and is currently quoted at $95.82; Brent crude oil (XBRUSDT) hit a 24-hour high of $96.61 and is currently quoted at $101.54. Against the backdrop of sustained high price volatility, capital in the crude oil contract market is showing a further trend of concentration.

According to CoinGlass data, the current open interest for WTI crude oil (XTIUSDT) on the Gate platform stands at $4.8048 million, and for Brent crude oil (XBRUSDT) it stands at $5.4121 million, with its overall position scale firmly holding the top spot.

Gate Futures pioneered the commodity contract section, covering perpetual contract trading for XBRUSDT (Brent crude oil), XTIUSDT (WTI crude oil), and NG (Natural Gas). It offers 7×24 trading, USDT settlement, and up to 100x leverage, empowering users to conduct cross-market asset allocation and strategic positioning amidst volatile market conditions.