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

Odaily Planet Daily News: International oil prices remain in a high-level consolidation pattern, with market participation heating up. According to data from the Gate platform, WTI crude oil (XTIUSDT) hit 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 trading at $103, up 1.01%. Driven by the high-price fluctuations, demand for crude oil derivative trading has further been released.

According to CoinGlass data, the 24-hour contract trading volume for WTI crude oil (XTIUSD) on the Gate platform reached $18,899,300, a month-over-month increase of 229.46%; the 24-hour contract trading volume for Brent crude oil (XBR) reached $9,296,600.

Gate Contract pioneered a 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 leverage up to 100x, helping users conduct cross-market asset allocation and strategic positioning during volatile market conditions.