Will WTI Crude Oil (WTI) hit (LOW) $80 in November?

As of November 8, 2026, Polymarket prices “Will WTI Crude Oil (WTI) hit (LOW) $80 in November?” at 34% YES with $55K traded. No tracked wallet holds a position on this market, so there is no verdict.

Prediction markets put the probability at 34%: Will WTI Crude Oil (WTI) hit (LOW) $80 in November. Currently, markets are divided (34% YES, 66% NO).

What’s Happening

WTI crude oil fell sharply in early November, with the U.S. benchmark plunging intraday to $87.13 per barrel on November 4, a decline of more than 9.3%, while Brent dropped roughly 10% to a low of $93.22 — its largest single-day fall since May. The selloff continued into November 5, with WTI trading near $86.96 and Brent at about $94.07. Brent has now retreated more than 20% from its late-October high near $118, reaching its lowest level in two months, as hopes for a truce following a Democratic election win reduced geopolitical risk premiums. The question of whether WTI crude oil (WTI) hit (low) $80 in November remains open, with prices still roughly $7 above that threshold. [Tradingkey, Nov 05]

Technical forecasts point to continued volatility in the near term. Analysis as of November 7 projects WTI to trade within a wide range of $77.008 to $103.290 over the following seven days, a band that straddles the $80 level central to the WTI crude oil (WTI) hit (low) $80 in November contract. The wide expected range reflects competing signals on daily and weekly charts, with trend strength and stability indicators diverging. J.P. Morgan Global Research has separately revised its outlook lower, forecasting Brent to average $80 per barrel in the fourth quarter of 2026 and $78 at year-end, down from a previous estimate of $95, citing larger-than-expected demand losses that have rebalanced the market. [Litefinance, Nov 07]

The downward revision from major banks underscores how quickly sentiment has shifted from supply-risk concerns to demand-side worries. Earlier in 2026, WTI traded near $96.14 in March while Brent carried an unusually wide premium, and Middle East benchmark premiums hit record highs of about $65 per barrel amid sanctions uncertainty ahead of the U.S. midterm elections. Those risk premiums have since unwound rapidly. Whether the WTI crude oil (WTI) hit (low) $80 in November scenario materializes will depend on whether the demand-driven selloff extends through the remainder of the month or stabilizes near current levels. [Reuters, Mar 19]

Traded on Polymarket — $55K Volume