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Prediction Markets Abandon Cheap Oil as Brent Passes $100

Decrypt·September 9, 2026·1 min read
Prediction Markets Abandon Cheap Oil as Brent Passes $100

Prediction markets now favor higher oil prices as Brent crude tops $100. Myriad's $120 contract overtook the $55 level in early September, while Polymarket gives WTI a 59% chance of reaching $100 this month. Traders are abandoning cheap oil bets.

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