Brent crude oil prices have fallen below $99 per barrel, after exceeding $103 earlier in the week. This decline is driven by progress in U.S.-Iran diplomatic talks and anticipated restart of Saudi Arabia’s East-West pipeline. Prediction markets reflect this downward trend, with just 0.5% probability that crude will reach a new all-time high by September 30, down from 2% a week earlier. For the year-end market, probability has dropped to 10.5%, compared to 16% a week ago.
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