Volatility and higher oil prices boost trading enthusiasm Gate crude oil contract trading volume continues to lead the market

International oil prices continued their volatile upward trend, and market trading sentiment remained active. According to Gate platform data, WTI crude oil (XTIUSDT) hit a high of US$92.31 in 24 hours, and is now US$89.47, an increase of 3.08%; Brent crude oil (XBRUSDT) hit a high of US$95.58 in 24 hours, and is now reported at US$92.87, an increase of 3.05%. Driven by continued price fluctuations, the popularity of crude oil-related derivatives trading has further heated up.<br /> According to CoinGlass data, the 24-hour contract turnover of WTI crude oil (XTIUSD) on the Gate platform reached US$18.8854 million, and the 24-hour contract turnover of Brent crude oil (XBR) was US$13.6128 million, both ranking first in the world. The continued influx of funds further strengthens Gate's liquidity and leadership on the commodity contract track.<br /> Gate Contract is the first commodity contract sector, covering XBRUSDT (Brent crude oil), XTIUSDT (WTI crude oil) and NG (natural gas) perpetual contract transactions. It provides 7×24-hour trading, USDT settlement and up to 100 times leverage, helping users carry out cross-market asset allocation and strategic layout in volatile markets.