What will WTI Crude Oil (WTI) hit in August 2026?
- ↓ $80
- 100%
- +27.5
- ↓ $85
- 100%
- +9.3
- ↓ $75
- 100%
- +28.0
- ↑ $80
- 100%
- —
- ↑ $80
- 100%
- +23.9
- ↓ $75
- 100%
- —
- ↑ $85
- 60%
- —
- ↓ $75
- 43%
- −8.5
- ↑ $90
- 28%
- +0.5
- ↓ $70
- 18%
- −2.5
- ↑ $95
- 14%
- —
- ↑ $100
- 8%
- —
- ↑ $105
- 4%
- —
- ↓ $65
- 4%
- −3.5
- ↑ $110
- 2%
- −0.5
- ↑ $115
- 2%
- —
- ↓ $60
- 1%
- —
- ↑ $120
- 1%
- −0.5
- ↑ $130
- 1%
- —
- ↑ $140
- 1%
- —
- ↓ $50
- 1%
- —
- ↓ $55
- 1%
- —
- ↑ $150
- 0%
- —
- ↓ $40
- 0%
- —
- ↓ $30
- 0%
- —
- ↓ $20
- 0%
- —
Traders currently price "↓ $80" at 100% for "What will WTI Crude Oil (WTI) hit in August 2026?". Over the past 24 hours that probability moved up 27.5 points. Full distribution: ↓ $80 100%, ↓ $85 100%, ↓ $75 100%, ↑ $80 100%. The market has traded $6.1M in total volume and resolves Sep 1, 2026. Geopolitical tensions surrounding the Iran conflict and persistent disruptions to Strait of Hormuz transits remain the dominant driver of WTI prices, currently trading near $82 per barrel in mid-August 2026. Reduced Gulf supply has tightened inventories and embedded a risk premium, supporting benchmarks despite softer global demand forecasts from OPEC and the IEA. EIA projections place Brent around $85 per barrel for Q3 2026 before gradual easing as output recovers, while futures reflect expectations of moderation toward lower levels later in the year amid potential inventory builds. Traders monitor diplomatic progress on Hormuz reopenings, OPEC+ production targets, and upcoming U.S. inventory data for near-term swings in the August settlement range.
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