Oil prices see largest monthly drop in six years, down 20% in May

## Market Snapshot

Crude Oil All Time High Predictions market currently prices at 0.3% YES for reaching a new all-time high by May 31, down from 1% a week ago. The September 30 sub-market shows a 21.5% YES outcome.

## Key Takeaways

– Market data suggests a significant decrease in the likelihood of crude oil reaching a new all-time high by the end of May. – A sharp 20% drop in oil prices appears consistent with easing geopolitical tensions and potential reopening of the Strait of Hormuz. – Current pricing implies a lower perceived risk of supply disruptions from the Gulf region.

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