Crude oil prices hit a new historical high for the period, and Gate's multi-asset trading strategy remains at the forefront of the industry.

SmartContractAuditor · 2026-04-03T08:36:02+00:00

On April 3rd, due to U.S. and Israel strikes on Iranian infrastructure, international oil prices surged significantly, with WTI crude oil settlement prices surpassing $110 and Brent crude reaching its highest level since 2008. The activity in crude oil derivatives increased, with the Gate platform's XTI contract trading volume and open interest ranking among the top globally.

SmartContractAuditor

2026-04-03 08:36:02

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Odaily Planet Daily News: On April 3, the United States and Israel launched strikes on Iran-related infrastructure, triggering market concerns about a potential interruption in Middle East energy supplies. As a result, international oil prices surged rapidly; during trading, WTI crude oil’s intraday gain at one point neared 15%, and the settlement price for the first time since 2022 broke above $110. Meanwhile, spot Brent crude oil rose through the $140 threshold, reaching the highest level since 2008.

Data from CoinGlass shows that activity in crude oil-related derivatives increased significantly. The trading volume of XTI contracts grew by about 79.24% to $28.73 million, and open interest rose by about 4.37% to $20.76 million. Among them, on the Gate platform, the XTI contract trading volume was about $21.24 million with roughly 74.5k trades, with both ranking first globally. XTI contract open interest of $9.10 million ranked second globally.

Gate contracts have already been the first to roll out crude oil. It pioneered the large-commodities contract segment, covering XBRUSDT (Brent crude oil) and WTIUSDT (WTI crude oil) perpetual contract trading. It offers 7×24-hour trading, USDT settlement, and up to 100x leverage, helping users conduct cross-market asset allocation and strategy deployment during volatile market conditions.

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