Polymarket WTI Oil Breaking $85 in July Probability Surges to 75%
2026-07-21 18:42

Woofun AI data shows that on Polymarket, the probability of WTI crude oil surpassing $85 per barrel in July has risen to 75%. The platform also assigns a 32% chance of prices breaking $90 and a 17% chance of reaching $95. Under the event rules, a "Yes" outcome is triggered if the high of any 1-minute candlestick for the WTI front-month contract meets or exceeds the target price during July trading.

This shift follows an escalation in US-Iran tensions and renewed concerns over transportation risks in the Strait of Hormuz, causing markets to reprice Middle East supply disruption risks after prices had previously retreated from conflict highs to around $70.

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