Svmuu Seer Prophet Channel monitoring shows that on Polymarket, the probability of “WTI Crude Oil will reach $100 by May 2026” has dropped to 1%, down 11% in 24 hours.
With expectations of navigation through the Strait of Hormuz spreading, international oil prices rapidly declined following news that the US and Iran have reached a preliminary consensus to extend the ceasefire arrangement for an additional 60 days. Brent crude oil fell to around $91 per barrel, accumulating a decline of over 17% this month, potentially marking the largest single-month drop since 2020. Meanwhile, WTI crude oil is hovering near $87 per barrel. However, uncertainties remain regarding the details of the agreement, and Trump has not yet approved the relevant terms.
Svmuu Seer Prophet Channel continues to monitor the prediction market—seeing change before the price is set.