Will the price of Brent crude oil (ICE) close above $85 per barrel on any trading day in February 2024?

Increased geopolitical instability in the Middle East, particularly involving Iran, often impacts oil prices due to concerns about supply disruptions. Volatility from the strikes could push prices higher, but global demand factors also play a role.

Implied probability (Yes)

55%

Closes

2026-09-09