Will the price of Brent Crude oil be below $70 per barrel on the New York Mercantile Exchange (NYMEX) at market close on September 30, 2024?

The headline indicates oil 'tumbles' due to canceled strikes, implying a decrease in geopolitical risk premium. This question assesses whether this downward pressure will persist or if other market factors will lead to a rebound. The probability is moderate, reflecting market volatility.

Implied probability (Yes)

45%

Closes

2026-09-09