Geopolitical tensions are driving crude oil prices to fluctuate at high levels; Gate's crude oil contracts saw a 24-hour trading volume of $85.14 million
Svmuu News: Amid the ongoing standoff between the U.S., Israel, and Iran, as well as the risk of a blockade of the Strait of Hormuz, international crude oil prices are currently fluctuating at high levels following a previous sharp surge. According to data from the Gate platform, 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 the derivatives trading sector, Gate Futures has taken the lead in expanding into crude oil, pioneering a commodities futures section that covers XBRUSDT (Brent Crude) and WTIUSDT (WTI Crude) perpetual contracts. It offers 24/7 trading, USDT settlement, and up to 100x leverage, empowering users to execute cross-market asset allocation and strategy deployment amid volatile market conditions. Additionally, Gate TradFi has launched trading access via both its mobile app and web platform, offering comprehensive CFD trading services covering silver, gold, forex, indices, commodities, and select popular stocks, with leverage of up to 500x, meeting the diverse trading needs arising from the interplay between traditional finance and the crypto market.
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