The probability of WTI crude oil reaching $100 by May 2026 on Polymarket has plummeted to 1%, marking an 11% decrease in the last 24 hours. This shift follows reports of a preliminary agreement between the United States and Iran to extend a ceasefire by 60 days, which has led to a significant drop in international oil prices. Brent crude has fallen to approximately $91 per barrel, experiencing a monthly decline of over 17%, while WTI crude is trading near $87 per barrel. Despite the agreement, uncertainties persist as the details remain unconfirmed and Trump has yet to approve the terms. The market continues to react to these developments, with Odaily Seer monitoring prediction markets for further changes.