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WTI crude oil exceeds $110 per barrel by May 13

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WTI crude oil exceeds $110 per barrel by May 13

Market overview

Geopolitical tensions and the Strait of Hormuz closure tighten global oil supply, driving prices higher. Market expectations for inflation and energy shocks will push WTI crude toward triple-digit territory.

price prediction market

Implied probability (Yes)
78%

Source: user-generated

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