The crude oil market is fluctuating and recovering, with Gate XBR's positions and XTI's transaction volume both leading the industry

The crude oil market has seen a corrective rebound after previous fluctuations. International oil prices have generally strengthened, with Brent crude (XBR) currently at $101.03, up 2.16% in 24 hours; WTI crude (XTI) is currently at $93.80, up 2.02%, showing a volatile upward trend.

Against the backdrop of intensified price fluctuations, the trading activity of crude oil contracts remains high. According to CoinGlass data, the 24-hour trading volume of XTI contracts on the Gate platform reached $5.1763 million; at the same time, the open interest of XBR contracts reached $3.1472 million, both maintaining a leading position in the industry, reflecting the platform's liquidity advantage and increasing market participation in energy derivatives trading.

Gate contracts pioneered the commodity contract segment, covering XBRUSDT (Brent crude), XTIUSDT (WTI crude), 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 strategic layout in volatile markets.