Polymarket odds of WTI crude oil breaking $85/barrel in August briefly fell to 71%, down 13% in one hour
PPP Prediction Market Tool monitoring shows that in the "WTI crude oil price August touch price" prediction event on Polymarket, the probability of breaking $85/barrel briefly fell to 71%, down 13% in one hour; the probability of breaking $90/barrel fell to 42%, down 7% in one hour; the probability of breaking $95/barrel fell to 25%, down 7% in one hour.
Today, the probability of WTI crude oil breaking $85/barrel in August on Polymarket had surged to 95%, but the latest news suggests that signals from the US and Iran indicate the two sides are "close to reaching some kind of arrangement," with developments moving in a peaceful direction. Meanwhile, according to Iran's Mehr News Agency, Pakistan's Interior Minister has arrived in Tehran for talks.
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