Brent crude premium over WTI widens to 8 USD/barrel by 2026-10-31

Hormuz closure would disproportionately affect Brent-priced oil due to its higher reliance on Middle East supply. The Brent-WTI spread is expected to widen to 8 USD/barrel as Brent becomes the primary benchmark for risk premiums.

macro · Prediction Market

Implied probability (Yes)

80%

Closes

2026-10-31

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