Crude oil prices hit a new all-time high, and Gate's multi-asset trading strategy remains among the industry leaders.

On April 3, the United States and Israel launched strikes against Iranian infrastructure, triggering market concerns about disruptions to energy supplies in the Middle East. As a result, international oil prices surged, with WTI crude oil rising nearly 15% intraday, and the settlement price breaking through $110 for the first time since 2022; spot Brent crude oil prices also broke through the $140 mark, reaching a new high since 2008. According to CoinGlass data, activity in oil-related derivatives increased significantly, with XTI contract trading volume increasing by approximately 79.24% to $28.73 million and open interest rising by approximately 4.37% to $20.76 million. Specifically, Gate.com ranked first globally in XTI contract trading volume (approximately $21.24 million) and number of trades (approximately 74,500), and second globally in XTI contract open interest ($9.1 million). Gate Contracts has 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 100x leverage, helping users to conduct cross-market asset allocation and strategy deployment in volatile market conditions.