Prediction Markets Abandon Cheap Oil as Brent Passes $100
60-second summary
Prediction markets abandon cheap oil as Brent surpasses $100, with Myriad’s $120 scenario overtaking its $55 baseline at September’s start, while Polymarket assigns a 59% probability that WTI will hit $100 this month. Traders interpret these odds as growing bullish sentiment, suggesting tighter supply expectations and potential upward pressure on global oil prices.
Myriad's $120 side overtook $55 at the start of September, while Polymarket puts WTI reaching $100 this month at 59%.