Polymarket Odds of WTI Crude Hitting $75 in August Surge 11% to 77%

Prediction market probabilities for WTI crude dropping to $75 and $70 per barrel in August jumped 11% and 12% respectively, reflecting eased supply disruption fears.

Woofun AI data shows that on Polymarket, the likelihood of WTI crude oil falling to $75 per barrel in August increased by 11% over 24 hours to reach 77%. The probability of prices hitting $70 per barrel also rose by 12% to 45%.

This shift follows a halt in military action against Iran announced by Trump, alongside indications of new U.S.-Iran negotiations. These developments reduced market concerns over supply disruptions, causing the crude risk premium to retreat and WTI prices to drop to approximately $80 per barrel.