International Crude Oil Prices Extend Gains, WTI and Brent Both Rise
International crude oil markets have continued their upward trend. According to real-time data from Gate, WTI crude oil (CL) reached a 24-hour high of $95.93 before settling at $94.78, still recording a 3.26% gain over the past 24 hours. Brent crude oil (BZ) also strengthened, hitting a 24-hour high of $98.15 and currently trading at $97.04, up 2.53%. The dual rally in both major benchmarks underscores the current strength in energy markets.
Gate Oil Contract Positions and Trading Volume Lead the Industry
Data from CoinGlass indicates that oil-related contracts on Gate are experiencing sustained high activity. The open interest for the CLUSDT contract is approximately $10,110,600, ranking among the top in the industry; the trading volume for the BZUSDT contract stands at around $6,506,800, also maintaining a leading position. These robust open interest and volume figures reflect Gate's strong market depth and competitiveness in the energy derivatives space, providing traders with ample liquidity.
As one of the first platforms to pioneer commodity-related perpetual contracts, Gate has accumulated deep technological and product advantages in energy asset trading. The platform covers major energy contracts including BZUSDT (Brent crude), CLUSDT (WTI crude), and NG (natural gas). The trading mechanism operates on a 24/7 basis with settlement in USDT, greatly improving accessibility for global investors seeking exposure to international crude oil markets. This design removes traditional geographical and time constraints, offering more equitable trading opportunities worldwide.
Unified Account Facilitates One-Stop Global Asset Allocation
Gate's unique unified account system allows users to manage multiple asset classes—cryptocurrencies, stocks, metals, forex, indices, and commodities—within a single account. This cross-market flexibility enables investors to quickly adjust positions and implement multi-strategy hedges during volatile markets without the need to switch between platforms, significantly reducing operational complexity and capital transfer costs. Through the unified account, investors can more easily execute hedges between equities and commodities or arbitrage between crypto and traditional currencies, optimizing risk-return profiles.
With crude oil markets maintaining their momentum, Gate, with its leading contract products and integrated account framework, equips traders with an efficient and flexible tool for one-stop global asset strategy deployment.