Geopolitical tensions are keeping oil prices high and shaky. On Gate.io, trading volume for oil cont

Oil Hovers Near $85 as Middle East Tensions Persist—Gate Offers 100x Leverage on Crude Perps

Oil prices are catching their breath after the recent spike, but they're still hanging out at elevated levels. With the U.S./Israel and Iran locked in a standoff and the Strait of Hormuz looking shaky, the risk premium isn't going anywhere fast. Right now, Brent crude (XBRUSDT on Gate) is trading at $84.28, after touching a high of $85 earlier in the session. Trading volume? A solid $85.14 million over the past 24 hours.

For traders looking to play the volatility, Gate Futures is leaning in hard. They've rolled out a dedicated commodity contracts section, featuring perpetuals for both Brent (XBRUSDT) and WTI (WTIUSDT). It's 24/7 trading, settled in USDT, with leverage up to 100x. The pitch? Helping users move between markets and position themselves as things heat up.

And it's not just oil. Over on Gate TradFi, they've opened up CFD trading across the board—silver, gold, forex, indices, commodities, even some popular stocks. APP and web both work. And if you're into leverage, they're offering up to 500x. The idea is to give traders one place to handle both traditional finance and crypto plays as the two worlds keep bumping into each other.