The crude oil market continues to fluctuate, with Gate XBR's positions and XTI transaction volume ranking first in the world

Short-term fluctuations in the energy market continue. After a rise, crude oil prices have retreated, with WTI crude oil (XTI) reaching a 24-hour high of $93.34 before oscillating down to the current price of $88.52; Brent crude oil (XBR) hit a 24-hour high of $104.88 and is currently at $99.11, showing an overall trend of high-level correction.

Against the backdrop of increased market volatility, the trading activity of crude oil contracts remains high. According to CoinGlass data, the trading volume of Gate XTI contracts reached $6.9655 million in 24 hours, ranking first in the world; at the same time, the open interest of Gate XBR contracts reached $2.7012 million, also ranking first globally.

Gate contracts pioneered the commodity contract sector, covering XBRUSDT (Brent crude oil), XTIUSDT (WTI crude oil), and NG (natural gas) perpetual contract trading, providing 24/7 trading, USDT settlement, and up to 100x leverage, helping users with cross-market asset allocation and strategy layout in volatile markets.