Brent crude falls below $70 by 2026-08-15

Brent crude is currently trading near $72, down from peaks above $120. The incremental OPEC+ supply increase of 188k bpd in August, combined with ongoing strategic stock releases and weak Chinese demand, will likely push prices below $70 within six weeks.

commodities · Prediction Market

Implied probability (Yes)

72%

Closes

2026-08-15

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