WTI $110 April Odds Climb on Sharp US Inventory Draw and Hormuz Blockade
· flowframe Pulse
Prediction markets for a late-April oil spike rose after API data showed a 4.5 million barrel U.S. inventory draw, significantly tighter than the 1.2 million expected. Although President Trump announced a ceasefire extension with Iran on April 22, the continued naval blockade of the Strait of Hormuz sustains fears of a supply-driven price surge.
17¢ → 20¢ • Vol: $1.3M