International oil prices remained volatile at high levels, with market participation continuing to rise. According to data from the Gate platform, WTI crude oil (XTIUSDT) reached a high of $101.76 in the past 24 hours, currently trading at $98.78, a gain of 1.50%; Brent crude oil (XBRUSDT) reached a high of $105 in the past 24 hours, currently trading at $103, a gain of 1.01%. Driven by high price volatility, demand for crude oil derivatives trading has further increased. According to CoinGlass data, the 24-hour trading volume of WTI crude oil (XTIUSD) contracts on the Gate platform reached $18.8993 million, a 229.46% increase compared to the previous period; the 24-hour trading volume of Brent crude oil (XBR) contracts was $9.2966 million. Gate Contracts pioneered the commodity contract section, covering XBRUSDT (Brent crude oil), XTIUSDT (WTI crude oil), and NG (natural gas) perpetual contract trading, offering 24/7 trading, USDT settlement, and up to 100x leverage, helping users conduct cross-market asset allocation and strategy deployment in volatile market conditions.