Geopolitical risks drive crude oil to remain volatile at high levels, with Gate TradFi crude oil contracts leading in trading volume

SmartContractAuditor · 2026-03-23T17:21:26+00:00

International crude oil prices are fluctuating due to tensions in the Middle East and energy supply uncertainties. WTI crude oil is trading at $100.65 per barrel, while Brent crude oil is at $113.45 per barrel. Gate platform's crude oil futures contracts are trading actively with leading transaction volumes. The platform has also introduced multiple leverage mechanisms and supports programmatic trading across various assets, enhancing the cross-market trading experience.

SmartContractAuditor

2026-03-23 17:21:26

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Odaily Planet Daily reports that on March 23, due to ongoing tensions in the Middle East and uncertainties in energy supply, international crude oil prices remained high and volatile. According to Gate TradFi market data, WTI crude oil (XTIUSD) is currently at $100.65, down 1.94% in the past 24 hours; Brent crude oil (XBRUSD) is at $113.45, down 0.69% in the same period. Amid increased price fluctuations, trading volume for related contracts has also risen.

In terms of trading activity, data from Coinglass shows that Gate platform’s 24-hour trading volume for WTI crude oil (XTIUSD) contracts reached $5.4066 million, a 143.50% increase, ranking first among all exchanges; Gate’s 24-hour trading volume for XBR was $5.0037 million, also ranking first. Under high volatility, crude oil contracts have become a key target for capital speculation.

Gate TradFi now supports trading via web and app, and is industry’s first to introduce multiple leverage options. It offers various leverage levels on top of a maximum of 500x, such as silver at 10x, 20x, 50x, and gold and indices at 20x, 100x, 200x. Additionally, the platform has opened TradFi trading APIs and incorporates TradFi trading volume into Gate VIP upgrade metrics, supporting algorithmic trading of metals, forex, indices, and commodities, further enhancing a one-stop cross-market trading experience.

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