On April 7, 2026, the international crude oil market surged once again. According to data from the Gate TradFi page, US crude oil (XTI) is currently quoted at $115.8, up 2.58% in the past 24 hours. Brent crude is quoted at $114.5, with a 24-hour increase of 1.6%. Since the start of the year, crude oil has posted a staggering cumulative gain of 84%, making it the undisputed focal point of the global commodities market.
The surge in oil prices is driven by ongoing tensions between the US and Iran. Shipping security in the Strait of Hormuz remains unresolved, fueling persistent concerns over supply disruptions. Leading institutions like Goldman Sachs and JPMorgan have raised their oil price forecasts, projecting short-term prices above $120 per barrel. For sharp-eyed traders, this is a market window that cannot be ignored.
However, trading oil through traditional channels is far from easy. Opening accounts with overseas brokers involves a cumbersome process, long funding cycles, and high capital thresholds. Gate’s TradFi oil trading service changes the game, allowing crypto users to participate in global oil markets directly with their USDT holdings. Why is it more convenient?
Trade Directly with USDT
The first step in traditional oil trading discourages many: you need to open a foreign securities or futures account, complete the complex W-8BEN form, convert fiat currency to USD, and send funds across borders. The process takes at least a week, sometimes up to a month, and you face exchange rate losses and hefty fees.
Gate TradFi removes these barriers entirely. Simply transfer USDT from your main account to your TradFi sub-account, and the system automatically prices it at a 1:1 ratio as USDx. There’s no need to sell USDT, convert fiat, or pay any exchange costs. Your digital assets accumulated in the crypto world become direct margin for trading WTI and Brent crude oil.
This means you can go from deciding to trade oil to opening a position in less than one minute. Markets move fast, and Gate lets you jump in whenever you’re ready.
Dual Oil Products + Up to 500x Leverage
Gate TradFi offers CFD trading for both global crude oil benchmarks:
- WTI Crude (XTIUSD): West Texas Intermediate, reflecting US market supply and demand
- Brent Crude (XBRUSD): The pricing reference for about two-thirds of global oil, with broader international significance
With both products available, you can flexibly choose based on how US-Iran tensions affect regional supply. For example, if the Strait of Hormuz faces heightened blockade risks, Brent typically reacts more sharply. If US domestic inventory changes dominate, WTI deserves closer attention.
On leverage, Gate offers multiple options from 5x up to 500x. Whether you prefer low-leverage trend trading or excel at capturing intraday volatility with high leverage, you’ll find a risk profile that suits you. At the current price of $115.8, even a $100 margin with 100x leverage gives you a $10,000 notional position.
24/7 Continuous Trading
This is Gate TradFi’s key advantage over traditional oil futures.
Traditional WTI futures on CME Group trade Monday to Friday, 6:00 to 5:00 Beijing time, with weekends and holidays closed. Yet geopolitical events don’t follow trading hours—a Trump social media post or a sudden ceasefire announcement can easily drop early Saturday morning.
Gate’s perpetual oil contracts offer 24/7 trading, covering XBRUSDT and WTIUSDT perpetual contracts, settled in USDT. This means weekends, late nights, and early mornings—whenever you spot market changes, you can open or close positions instantly. The market never sleeps, and neither does your trading.
Industry-Leading Market Depth
What’s the biggest risk in oil trading? Slippage. When you see prices spike and hit buy, poor liquidity can mean your actual fill price is much higher than expected.
Industry data shows Gate’s WTI crude (XTIUSD) contract holds a 65.75% market share, while Brent crude also ranks first with a 40.56% share. Trading oil on Gate means access to the deepest order books in the industry. Large positions can be opened and closed quickly with minimal slippage, making it ideal for capturing breakout moves in real time.
TradFi Copy Trading Feature Launched
For traders less familiar with oil fundamentals, Gate launched the industry’s first TradFi copy trading feature on April 2, 2026. You can follow top traders on the platform and copy their positions with one click to participate in oil market action.
Notably, the system introduces an HWM (High Water Mark) profit-sharing mechanism—copy traders’ earnings are tied to the sustained profits of their followers, fundamentally avoiding the conflict of interest where frequent trading is encouraged just to earn fees. For newcomers, this is an excellent low-barrier path to participate in high-volatility markets.
How to Start Trading Oil on Gate TradFi?
The entire process takes just three steps:
- Log in to the Gate app or web platform, enter the "Contracts" or "TradFi" section, and activate permissions with one click (no repeated KYC required).
- Transfer USDT from your main account to your TradFi sub-account; the system automatically displays it as USDx at a 1:1 ratio.
- Choose the XTIUSD or XBRUSD trading pair, set your leverage and position size, and click buy or sell to start trading.
Risk Warning
Crude oil is a highly volatile commodity, currently driven by US-Iran tensions, with intraday swings that can reach $5 to $10. Gate offers up to 500x leverage, which magnifies gains but also dramatically increases the risk of losses. Please set leverage and stop-loss prices according to your own risk tolerance, and avoid blindly chasing highs or taking oversized positions.
Conclusion
As WTI crude breaks through $115, US-Iran tensions remain unresolved, and international investment banks unanimously forecast higher oil prices, the trading window is right in front of you. Gate TradFi offers direct trading with USDT, 24/7 continuous markets, and industry-leading market depth with over 65% market share—three compelling reasons why it’s the superior choice for trading oil right now.
