High oil prices oscillating at elevated levels boost trading sentiment, Gate crude oil contract trading volume continues to lead the market

Odaily Planet Daily News: International oil prices remain in a high-range oscillation pattern, with market participation heating up. According to Gate platform data, WTI crude oil (XTIUSDT) reached a 24-hour high of $101.76 and is currently trading 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 derivative trading has further expanded.

According to CoinGlass data, 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) was $9.2966 million.

Gate Futures pioneered the commodities contract section, 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 during volatile market conditions.