Geopolitical premium fades as international crude oil declines, Gate CLUSDT contract open interest ranks among the top in the industry

Odaily news As geopolitical premiums fade, the international crude oil market has been experiencing a sustained downward trend on June 26. According to Gate platform data, WTI crude oil (CLUSDT) briefly fell below the $70 mark before recovering slightly, currently trading at $70.62 (+1.12%), with a 24-hour low of $69.06. Against the backdrop of market volatility, Coinglass data shows that Gate's CLUSDT contract recorded a 24-hour trading volume of $5.52 million, with open interest of approximately $8.72 million, ranking it in the top tier of the industry.

Gate pioneered the commodity perpetual contract and CFD contract segment, covering major energy assets such as BZUSDT (Brent crude oil), CLUSDT (WTI crude oil), and NG (natural gas), supporting 7×24 trading and USDT settlement. Leveraging Gate's innovative unified account system, users can allocate diverse assets including stocks, metals, forex, indices, and commodities without needing to switch platforms, helping users achieve more flexible and efficient one-stop global asset strategy deployment during volatile market conditions.