WTI $130 Odds Rise to 42% on Sustained Strait of Hormuz Disruptions
· flowframe Pulse
The probability of crude oil hitting $130 in April rose 5% as traders reacted to the continued closure of the Strait of Hormuz following recent regional military strikes. Despite reports of a potential 45-day ceasefire proposal, the market remains supported by a significant supply-risk premium and physical scarcity of deliverable barrels.
37¢ → 42¢ • Vol: $1.0M