Geopolitical tensions drive crude oil to fluctuate at high levels, with Gate crude oil contracts reaching a 24-hour trading volume of $85.14 million.

Odaily Planet Daily reports that due to the ongoing standoff between the US, Israel, and Iran, as well as the risk of the Strait of Hormuz being blocked, international crude oil prices have experienced a sharp rise earlier and are now fluctuating at high levels. According to data from the Gate platform, XBRUSDT (Brent crude oil) reached a high of $85 during trading today, currently at $84.28, with a 24-hour trading volume of $85.14 million.

In the derivatives trading sector, Gate has taken the lead in offering crude oil contracts, pioneering a commodities contract section that includes perpetual contracts for XBRUSDT (Brent crude oil) and WTIUSDT (WTI crude oil). These contracts provide 24/7 trading, USDT settlement, and up to 100x leverage, helping users diversify assets and strategize across markets amid volatility.

Additionally, Gate TradFi has launched trading access via both the app and web platforms, covering CFD trading services for silver, gold, forex, indices, commodities, and some popular stocks, with leverage up to 500x to meet the diverse trading needs driven by the integration of traditional finance and the crypto market.