Brent crude oil rises above $101.09, Polymarket bets on a 59% chance of WTI hitting $100 this month
Brent crude oil was reported at $101.09, up 3.2% for the day, while West Texas Intermediate crude oil was reported at $96.27. Saudi oil facilities were attacked by Houthi militants, injuring 73 people, and the US Central Command destroyed 5 Iranian oil tankers. In the Myriad crude oil market, the probability on the $120 side is 56.5%, and the probability on the $55 side is 1%, with a trading volume of $12.7 million. Polymarket data shows that the probability of WTI hitting $100 this month is 59%, the probability of hitting $105 is 30%, and the probability of falling to $85 has decreased to 39%. The price of diesel in the United States has risen to $5.94 per gallon, while the average price of gasoline is $4.22. (Source: Decrypt)