## Market Snapshot
Crude Oil All Time High Predictions show a 1% YES for May 31, down from 5% a week ago. WTI Crude Oil Price Predictions are experiencing similar declines, with no active volume reported.
## Key Takeaways
– Market activity suggests that the potential reopening of the Strait of Hormuz is consistent with decreased likelihood of oil reaching a new all-time high soon. – The proposed peace deal appears to have caused a decline in confidence for immediate oil price surges, reflected in the drop to $89 per barrel. – The news is consistent with a reduction in geopolitical risks, which typically dampens the potential for significant oil price increases.
## Article Body
