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Polymarket odds of WTI crude falling to $95 a barrel in November rise to 88%

NewsFeeds update

Polymarket now puts an 88% chance on WTI crude falling to $95 a barrel in November, up 26% in 24 hours, after Iran's president said the supreme leader had granted the government some authority in negotiations. Oil prices fell and gold and silver jumped on the news.

MacroOdailyAINeutral

Read the original on Odaily

The story so far: Iran war de-escalation talks

A Pakistan-brokered proposal on Iran's frozen funds had US approval and initial Iranian consent, pushing crude down about $0.80. Iran's supreme leader Mojtaba Khamenei then called for conditions to be met to end the war, and oil fell again. Polymarket now puts an 88% chance on WTI falling to $95 in November…

  1. US and Iran said to back Pakistan-brokered proposal; oil prices slip

    Israel's Channel 12 reported that a proposal Pakistan's army chief presented to senior Iranian officials has US approval and initial Iranian consent, partly addressing Tehran's demand for frozen funds by transferring interest on $6bn held in Qatari banks. US and Brent crude each fell about $0.80, to $97.51 and $105.76 a barrel.

    MacroChainCatcherAINeutral

  2. Iran's supreme leader calls for conditions to end war as oil prices fall

    Oil prices fell after comments from Iran's supreme leader, Mojtaba Khamenei, who called for conditions to be met to end the war; US crude and Brent each dropped about $0.80. US equity futures and government bonds rose and crypto markets briefly gained.

    MacroChainCatcherAIBullish

  3. Polymarket odds of WTI crude falling to $95 a barrel in November rise to 88%

    Polymarket now puts an 88% chance on WTI crude falling to $95 a barrel in November, up 26% in 24 hours, after Iran's president said the supreme leader had granted the government some authority in negotiations. Oil prices fell and gold and silver jumped on the news.

    MacroOdailyAINeutral

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Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.