Brent crude oil price exceeds $90 per barrel by 2026-08-31

Market overview

Oil prices are expected to rise due to OPEC+ production cuts and heightened geopolitical tensions in key producing regions. The EIA's monthly short-term energy outlook projects Brent crude at $88 per barrel for August, with upside risk.

price prediction market

Implied probability (Yes)

70%

Closes

2026-08-31

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