The market raises oil price expectations again, WTI crude oil breaking above $115 per barrel seen as a high probability event
According to PolyBeats monitoring, following Trump's threat that the U.S. Navy will block the Strait of Hormuz, intercepting all vessels paying passage fees to Iran, the market's expectation for oil prices has once again increased. On the prediction market Polymarket, it has become a high-probability event that the "WTI Crude Oil's single-day closing price for this month" will exceed $115 per barrel, with the current probability at 57%. The probability of exceeding $120 per barrel is 40%, exceeding $130 per barrel is 23%, and exceeding $150 per barrel is 8%.
In addition, according to Bitget market data, the WTI Crude Oil closed at $95.74 per barrel on the previous trading day.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Duan Yongping: Currently will not sell Nvidia, and in the future Jensen Huang may return as a “shadow CEO”
Duan Yongping has made it clear that he will not sell Nvidia and sold a large number of put options on the day the news was released. Nvidia may invite Jensen Huang to serve as an advisor, taking on a “shadow CEO” role to retain his influence, but he would no longer have signing authority. Whether this scenario materializes will likely only become clear after the hearing concludes.
US Research Review - Azenta, Cencora, Stratasys
After Jensen Huang stepped down, Nvidia (NVDA.US) shares plunged; retail investors bought up $111 million within half an hour of the market opening.
Retail investors are still betting on a rebound in NVIDIA (NVDA.US) stock price.
UBS raises Target's price target to $205
Crypto prices
More
