Oil prices fluctuate and rise at high levels, Gate crude oil contract open interest remains firmly in the top spot

Odaily Planet Daily News International oil prices continue to maintain a high-level volatile pattern, with market fund participation continuing to increase. According to Gate platform data, the 24-hour high of WTI crude oil (XTIUSDT) reached $96.61, and is currently trading at $95.82; the 24-hour high of Brent crude oil (XBRUSDT) reached $96.61, and is currently trading at $101.54. Against the backdrop of sustained high price fluctuations, funds in the crude oil contract market are showing a further trend of concentration.

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

Gate Futures has pioneered the commodity contract sector, covering perpetual contract trading for XBRUSDT (Brent crude oil), XTIUSDT (WTI crude oil), and NG (natural gas), offering 7×24 trading, USDT settlement, and up to 100x leverage, helping users conduct cross-market asset allocation and strategic deployment in volatile markets.