High oil prices continue to trade in a high range, boosting trading sentiment, and Gate crude oil contract trading volume continues to lead the market

According to Odaily Planet Daily, international oil prices continue to maintain a high-level oscillating pattern, with market participation heating up. According to data from the Gate platform, the 24-hour high for WTI crude oil (XTIUSDT) reached $101.76, and it is currently trading at $98.78, up 1.50%; the 24-hour high for Brent crude oil (XBRUSDT) reached $105, and it is currently trading at $103, up 1.01%. Driven by high price volatility, demand for crude oil derivative trading has further increased.

According to data from CoinGlass, 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) reached $9.2966 million.

Gate Contract has pioneered a Commodities 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 conduct cross-market asset allocation and strategic positioning during volatile market conditions.