Oil prices fluctuate upward in a high range, with Gate crude oil contract positions firmly holding the top spot

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

According to CoinGlass data, the current open interest amount for WTI crude oil (XTIUSDT) on the Gate platform is $4.8048 million, and for Brent crude oil (XBRUSDT) it is $5.4121 million, with the overall scale of open interest firmly ranking first.

Gate Futures has pioneered the Commodity Contracts 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 conduct cross-market asset allocation and strategic deployment amidst volatile market conditions.