Polymarket "72.5% Probability of US WTI Crude Oil Futures Reaching $85 by June"

International oil prices are falling following news that the U.S. and Iran have reached a principled agreement to open the Strait of Hormuz and dismantle Iran's highly enriched uranium, compounded by the impact of OPEC+'s production increase and downward revisions in crude oil demand forecasts. Polymarket traders are forecasting a 72.5% probability that West Texas Intermediate (WTI) crude oil futures (ticker: CL) will fall to $85 per barrel by the end of June, an increase of approximately 9 percentage points from the previous day. Meanwhile, the price of CLUSDT (on-chain WTI crude oil perpetual futures) is currently trading at $91.81 according to Aster.