# Oil Futures Fell as Crude Record-High Odds Stood at 8.5% By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/49486 Published: 2026-11-05T18:36:07.000Z Updated: 2026-11-05T18:36:07.000Z Section: Investing > West Texas Intermediate crude futures fell about 7% to $89.40 a barrel, while Brent futures declined nearly 8% to $95.41. A crude-oil prediction-market contract put the chance of crude reaching an all-time high by Dec. 31 at 8.5%, while U.S. and international benchmark futures posted steep declines. West Texas Intermediate (WTI) crude futures fell about 7% to $89.40 a barrel, while Brent crude futures declined nearly 8% to $95.41. The Dec. 31 contract had $72,000 in 24-hour trading volume. A separate contract for April 1, 2027, was priced at 20.5%, with $42,000 in 24-hour volume. The two contracts set different deadlines for the same outcome: crude reaching an all-time high. An earlier [oil-futures decline followed Vice President JD Vance’s remarks that U.S.-Iran talks had advanced](). Potential indicators to watch include official statements or diplomatic moves, along with updates from the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA). ## Links in this article - [oil-futures decline followed Vice President JD Vance’s remarks that U.S.-Iran talks had advanced](https://www.tokenpost.com/news/investing/47209)