Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 40+ AI models, with 0% extra fees
CITIC Futures: U.S. inventory drawdown accelerates, holiday risks remain high
EIA data shows that U.S. inventory drawdowns are accelerating. On the week of April 24, 2024, the U.S. Strategic Petroleum Reserve (SPR) decreased by 7.12M barrels, while commercial crude oil inventories decreased by 6.23M barrels, mainly due to a net increase in crude exports of 1.97M barrels per day, with weekly exports hitting a new high. Refinery utilization rates rebounded from 89.1% to 89.6%, but the acceleration of gasoline and diesel drawdowns, along with increased net exports of petroleum products, are also primary reasons for the inventory decline. Overall, U.S. crude oil and petroleum product inventories are accelerating their drawdowns, further confirming the tight global supply situation. Currently, the continued low traffic through the Strait of Hormuz remains difficult to disprove. As negotiations are repeatedly postponed and Iranian exports face reductions, supply shortages persist. The pace is mainly influenced by Middle Eastern geopolitical tensions. As holidays approach, risk control should be emphasized. (CITIC Futures)