Geopolitical tensions drive crude oil to fluctuate at high levels, Gate crude oil contracts record 24H trading volume of $85.14 million

According to Odaily, influenced by the ongoing stalemate between the US-Israel and Iran and the risk of a blockade in the Strait of Hormuz, international crude oil prices, after experiencing a sharp rise earlier, are currently fluctuating at high levels. Data from the Gate platform shows that XBRUSDT (Brent Crude) reached an intraday high of $85 today and is currently trading at $84.28, with a 24-hour trading volume of $85.14 million.

In terms of derivatives trading, Gate Contract has taken the lead in deploying crude oil products, pioneering a commodity contract sector. It covers perpetual contract trading for XBRUSDT (Brent Crude) and WTIUSDT (WTI Crude), offering 7×24 hour trading, USDT settlement, and leverage of up to 100x, assisting users in cross-market asset allocation and strategic positioning during volatile market conditions.

Furthermore, Gate TradFi has opened trading access via both its APP and Web platforms, comprehensively covering CFD trading services including silver, gold, forex, indices, commodities, and some popular stocks, with leverage support of up to 500x. This aims to meet the diverse trading needs arising from the interplay between traditional finance and the crypto market.