Polymarket Sees Surge in WTI Oil Price Prediction for April 2026

Polymarket has reported a significant increase in the probability of WTI crude oil prices dropping to $75 in April 2026, with the current probability standing at 39%, marking a 25% rise over the past 24 hours. According to ChainCatcher, the total trading volume for this event contract has exceeded $40 million. The contract rules specify that if the highest price of any one-minute candlestick for WTI crude oil futures during April 2026 equals or exceeds the listed price, the market will be deemed 'yes'; otherwise, it will be 'no'. Previously, the March WTI oil price prediction contract stipulated that if the official settlement price of the Chicago Mercantile Exchange's crude oil futures contract for the current active month equals or exceeds the listed price by the last trading day of March 2026, the market will be deemed 'yes'; otherwise, it will be 'no'. U.S. President Donald Trump has stated that negotiations regarding the Iran conflict will continue over the weekend. When asked if Iran might impose restrictions or tolls on ships passing through the Strait of Hormuz, Trump asserted, "Absolutely not," and "There will be no tolls." Trump also mentioned receiving "quite good news" regarding the Iran issue but declined to provide further details. "Twenty minutes ago, we heard some quite good news, and it seems that progress in the Middle East concerning Iran is going very well," Trump told reporters aboard Air Force One. When asked about the specifics of the good news, Trump replied, "You will hear about it. I think it's something that should happen. It's the right thing to do, and I think it will happen. We'll see, but I think it will happen."