The conflict has pushed oil prices to rise continuously, and Gate's crude oil contract trading scale and liquidity are among the top in the industry

Due to the ongoing escalation of the US-Iran conflict and restrictions on transportation in the Strait of Hormuz, international oil prices continue to rise strongly, experiencing the longest consecutive increase since January. Data shows that Brent crude oil (XBRUSDT) on the Gate platform is priced at $99.78, an increase of about 2.31%; WTI crude oil (XTIUSDT) is priced at $96.62, an increase of about 2.22%. Against the backdrop of rising oil prices, the trading activity of related derivatives has also increased.

According to Coinglass data, the 24-hour trading volume of WTI crude oil (XTIUSDT) on the Gate platform reached $20.08 million, with a position size of about $4.53 million, ranking first among all exchanges; the 24-hour trading volume of Brent crude oil (XBRUSDT) reached $10.92 million, with a position of about $3.81 million, also ranking first. Driven by high volatility, market participation continues to rise, further highlighting Gate's advantages in liquidity and trading depth in the energy derivatives sector.

Gate Contracts has pioneered the commodity contract sector, covering perpetual contract trading for XBRUSDT (Brent crude oil), XTIUSDT (WTI crude oil), and NG (natural gas), providing 24/7 trading, USDT settlement, and up to 100x leverage, helping users with cross-market asset allocation and strategic layout in volatile markets.