Persian Gulf oil exports rebound; September record odds stand at 2%

  • Persian Gulf oil exporters reportedly restored shipments to two-thirds of pre-conflict levels.
  • Prediction markets assign a 2% chance of crude reaching a new September 30 high.
  • The December 31 sub-market records 11.5% YES for higher oil prices.

Persian Gulf oil exports have reportedly recovered to two-thirds of their levels before the conflict, a development that could add downward pressure to crude prices and keep them below $90. Prediction markets put the odds of crude oil reaching a new all-time high by September 30 at 2%. The December 31 sub-market shows a higher but still limited probability of price increases, with YES contracts at 11.5%. Market observers are monitoring export levels, possible production changes by OPEC (oil producers' group), and Middle East developments that could affect supply stability. Key figures cited as potentially influential include OPEC Secretary General Mohammad Sanusi Barkindo and Saudi Energy Minister Abdulaziz bin Salman Al Saud.

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