WTI Crude Oil August $85 Breakout Probability Drops 13% in One Hour

Polymarket odds for WTI exceeding $85/barrel in August fell 13% hourly to 71%, while $90 and $95 probabilities also declined amid reported US-Iran diplomatic progress.

Woofun AI data shows that on Polymarket, the probability of WTI crude oil breaking above $85 per barrel in August dropped sharply to 71% within a short period, representing a 13% decline in just one hour. The likelihood of prices reaching $90 per barrel fell to 42%, a 7% decrease in the same timeframe, while the chance of hitting $95 per barrel dropped to 25%, also reflecting a 7% hourly reduction. Earlier today, the probability of an $85 breakout had surged to 95%. Recent reports indicate that signals from the United States and Iran suggest the two sides are "close to reaching some kind of agreement," with the situation moving in a peaceful direction.

Additionally, Pakistan's Minister of Interior has arrived in Tehran for talks.