Prediction Markets Shift Away From Cheap Oil as Brent Tops $100

Prediction-market pricing has moved toward higher oil prices after Brent crude passed $100. On Myriad, the contract favoring a $120 oil price overtook the $55 outcome at the start of September, according to Decrypt. The shift indicates that traders on the platform are assigning greater weight to the higher-price scenario than to the lower target. Polymarket is also pricing a meaningful chance of another major milestone: its market gives West Texas Intermediate (WTI) a 59% probability of reaching $100 this month. The markets track different benchmarks and price levels, with Myriad focused on a $120 versus $55 outcome and Polymarket measuring whether WTI reaches $100 during the month. Together, the contract prices show stronger expectations for elevated crude prices across both Brent and WTI markets.