According to CoinGlass data, the crude oil market has shown divergent short-term trends. WTI crude oil (XTI) is quoted at $101.59, up 0.38% intraday, with an open interest of approximately $21.59M. Brent crude oil (XBR) is quoted at $105.81, down 1.33% intraday, with an open interest of around $5.99M. In terms of trading volume, Gate occupies a leading position in both major crude oil contracts. The XTI contract trading volume is approximately $9.73M, ranking first; the XBR contract trading volume is about $5.70M, also securing the top spot.
In the realm of derivatives trading, Gate contracts have taken the lead in offering crude oil products, pioneering a commodity contract sector. It covers XBRUSDT (Brent Crude Oil) and WTIUSDT (WTI Crude Oil) perpetual contracts, providing 7×24 hour trading, USDT settlement, and leverage of up to 100x. This assists users in cross-market asset allocation and strategic positioning amidst volatile market conditions.