According to Odaily, the probability of WTI crude oil reaching $105 by May 2026 has risen to 66% on Polymarket, marking a 12% increase over the past 24 hours.
The contract rules for this event specify that if the highest price of any one-minute candlestick for the active month of WTI crude futures in May 2026 equals or exceeds the listed price, the market will be determined as 'Yes'; otherwise, it will be 'No'. The price will be based on Pyth's published figures without rounding. Previously, the March WTI crude price prediction contract stipulated that if the official settlement price of the current active month (near month) of the CME crude oil futures contract equals or exceeds the listed price by the last trading day of March 2026, the market will be determined as 'Yes'; otherwise, it will be 'No'.
Saudi Aramco is reportedly working to increase exports from the country's western refineries. CEO Nasser has stated that the company's maximum crude oil production capacity of 12 million barrels per day remains intact and is ready for use.