Geopolitical tensions ease leading to a pullback in crude oil; Bitget BZ contract open interest up over 28% in 24 hours, ranking second across the market

Odaily reported that due to a temporary easing of geopolitical tensions in the Middle East, international crude oil prices have fallen. According to Bitget market data, Brent Crude Oil (BZ) is currently quoted at $109 per barrel, a single-day decrease of 2.53%. The intensified struggle between bulls and bears has driven up trading activity in related contract markets.

According to CoinGlass data, the total open interest in BZ contracts across all platforms currently reaches $67.9316 million. Among centralized exchanges, one exchange, Bitget, and another exchange rank in the top three for open interest, with $46.9913 million, $8.3424 million, and $5.6461 million respectively. Bitget’s platform saw a 24-hour open interest growth rate of 28.32%, leading the entire market.