Oil prices fluctuate upward at high levels, Gate crude oil contract positions firmly hold the top spot

Odaily Planet Daily News: International oil prices continue to fluctuate at high levels, with market participation steadily increasing. According to data from the Gate platform, the 24-hour high for WTI crude oil (XTIUSDT) reached $96.61, currently trading at $95.82; Brent crude oil (XBRUSDT) hit a 24-hour high of $96.61, now trading at $101.54. Against the backdrop of sustained high price volatility, capital in the crude oil contract market shows a further trend of concentration.

According to data from CoinGlass, the current position value for WTI crude oil (XTIUSDT) on the Gate platform stands at $4.8048 million, and for Brent crude oil (XBRUSDT), it is $5.4121 million, with overall position scale firmly securing the top position.

Gate has pioneered a commodities contract trading 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 leverage up to 100x, helping users conduct cross-market asset allocation and strategy deployment amidst volatile market conditions.