According to ChainCatcher, short-term volatility continues in the energy market. Crude oil prices retreated after an initial surge. WTI crude oil (XTI) reached a 24-hour high of $93.34 before fluctuating downwards, currently trading at $88.52; Brent crude oil (XBR) reached a 24-hour high of $104.88, currently trading at $99.11, showing an overall high-level pullback trend.
Amid heightened market volatility, crude oil contract trading activity remained high. According to CoinGlass data, the Gate XTI contract saw a 24-hour trading volume of $6.9655 million, ranking first globally; meanwhile, the Gate XBR contract's open interest reached $2.7012 million, also ranking first globally.
Gate Contracts pioneered the commodity contract section, covering XBRUSDT (Brent crude oil), XTIUSDT (WTI crude oil), and NG (natural gas) perpetual contract trading. It offers 24/7 trading, USDT settlement, and up to 100x leverage, helping users to conduct cross-market asset allocation and strategy deployment in volatile market conditions.
