The probability of the Polymarket event predicting crude oil (CL) reaching $105 by the end of March has decreased to 22%, with a daily drop of 43%, according to Odaily. The current trading volume is approximately $2.91 million.
The price of WTI crude oil remains around $81.5, having previously strengthened due to unexpected EIA inventory declines and geopolitical tensions. However, market expectations for a short-term high have cooled amid macroeconomic uncertainties and a stronger dollar.
In recent developments, U.S. President Donald Trump announced progress in talks with Iran, instructing a five-day delay in military actions related to Iran, easing concerns about supply disruptions.
