Oil prices fluctuate at high levels, boosting trading sentiment, and Gate crude oil contract trading volume continues to lead the market

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

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

Gate Contract has pioneered a commodity contract section, 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 with cross-market asset allocation and strategy deployment during volatile market conditions.