Crude oil’s September all-time-high odds rise to 3.2% amid pipeline shutdown

  • A key pipeline shutdown has tightened supplies and pushed diesel prices to an all-time high.
  • September 30 crude oil all-time-high odds rose to 3.2% from 2% in 24 hours.
  • December 31 prediction-market odds stood at 14.5%, with OPEC and Middle East developments in focus.

AI protests erupted during the G20 event as diesel prices reached an all-time high after a key pipeline shutdown tightened supplies. The disruption has increased attention on crude oil prices, with OPEC (oil producers’ group) and the IEA (energy policy agency) assessing its implications for global supply. A prediction market puts the chance of crude oil reaching a new all-time high by September 30 at 3.2%, up from 2% 24 hours earlier, while the probability for December 31 stands at 14.5%. Traders are watching production decisions from OPEC, Middle East geopolitical tensions, global demand expectations, possible resolutions to the supply constraints and responses from major energy agencies. The analysis is powered by Vera, which invites users to sign up for live prediction-market coverage.

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Crude oil’s September all-time-high odds rise to 3.2% amid pipeline shutdown - CoinPost Terminal