Geopolitical rhetoric drives the energy sector stronger, crude oil prices surge significantly, and Gate crude oil contract trading volume ranks first in the world

Due to the impact of rising international tensions and geopolitical uncertainties, international crude oil prices have surged significantly, and the overall commodity sector has shown a marked upward trend. Meanwhile, Donald Trump stated today on the X platform that a short-term rise in oil prices is acceptable, and once the Iranian nuclear threat is eliminated, oil prices may quickly retreat.

According to Gate market data, XTI (WTI crude oil) reached a high of $110.53 in 24 hours, currently reported at $109.36, with an increase of 18.64%; XBR (Brent crude oil) peaked at $113.84 in 24 hours, currently reported at $109.86, with an increase of 17%, indicating significant market volatility. Data from CoinGlass shows that as the market rapidly surged, the trading activity of crude oil derivatives also increased.

Among them, Gate XBR (Brent crude oil) had a 24-hour contract trading volume of $12 million, a month-on-month increase of 951.37%, ranking first globally; XTI (WTI crude oil) had a 24-hour contract trading volume of $21.15 million, a month-on-month increase of 397.08%, also ranking first globally, with continuous growth in capital attention and market participation.

Gate has pioneered the metal contract trading sector, providing 24/7 uninterrupted trading, offering users greater strategic flexibility and asset management efficiency in volatile markets. Gate contracts cover various traditional financial assets, including stocks, metals, foreign exchange, indices, and commodities, supporting trading in gold, silver, and crude oil. Gate continues to build a more efficient and professional multi-asset one-stop trading platform for global users.