Crude oil fluctuates at a high level above 100 dollars, with Gate XBR contract trading volume ranking first in the world

Due to the repeated fluctuations in the Middle East situation and supply disruptions in the Strait of Hormuz, international crude oil prices remain high and volatile. XBRUSDT (Brent crude oil) reached a high of $106.36 in the last 24 hours and is currently around $105.58.

According to data from the CoinGlass platform, the total contract trading volume for XBR in the last 24 hours reached $20.9817 million, with a contract open interest of $6.3943 million; among them, the Gate platform had a contract open interest of $4.38 million and a contract trading volume of $19.4 million, both ranking first globally.

Gate contracts have taken the lead in crude oil, pioneering the commodity contract sector, covering XBRUSDT (Brent crude oil) and WTIUSDT (WTI crude oil) perpetual contract trading, providing 24/7 trading, USDT settlement, and up to 100 times leverage, helping users with cross-market asset allocation and strategy layout in volatile markets.