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

CoinNetwork · 2026-03-23T13:24:21+00:00

On March 23rd, due to tensions in the Middle East and energy supply uncertainties, international crude oil prices fluctuated at elevated levels, with WTI crude oil dropping to $100.65 and Brent crude oil at $113.45. Trading volume for related contracts surged significantly, with Gate platform's WTI and Brent crude oil futures both ranking first in transaction volume. Gate TradFi supports multi-tier leveraged trading and has opened trading APIs to enhance cross-market trading experience.

CoinNetwork

2026-03-23 13:24:21

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Crypto World News: On March 23, due to ongoing tensions in the Middle East and uncertainties in energy supply, international crude oil prices remained volatile at high levels. According to Gate TradFi market data, WTI crude oil (XTIUSD) is currently trading at $100.65, down 1.94% over 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, Coinglass data shows that the 24-hour contract trading volume for Gate platform’s WTI crude oil (XTIUSD) reached $5.4066 million, a 143.50% increase, ranking first among all exchanges; Gate XBR’s 24-hour trading volume was $5.0037 million, also in first place. Under high volatility, crude oil contracts have become a key target for capital speculation. Gate TradFi now supports trading via web and app, and has pioneered multiple leverage options, offering 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 integrated TradFi trading volume into Gate VIP upgrade metrics, supporting algorithmic trading of assets like metals, forex, indices, and commodities, further enhancing a one-stop cross-market trading experience.

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