Huo Xing Finance reports that on July 23, according to market data, WTI crude oil surged 5% intraday, currently trading at $91.25 per barrel. Brent crude rose 3.5%, trading at $93.83 per barrel. As of early today, U.S. forces have conducted their 12th consecutive night of strikes against Iran, targeting Iran’s maritime combat capabilities, missile and drone storage facilities, coastal surveillance sites, and air defense assets. According to PolyBeats monitoring, on the prediction market Polymarket, the probability of WTI crude oil closing above $110 per barrel this month is 34%, above $120 per barrel is 10%, and above $130 per barrel is 4%.
WTI Crude Surges 5% Amid 12-Night U.S. Strikes on Iran
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Summary
On-chain data shows WTI crude surged 5% on July 23, reaching $91.25 per barrel, while Brent crude rose 3.5% to $93.83. U.S. forces conducted 12 nights of strikes on Iran, targeting maritime, missile, and air defense assets. On-chain analysis from PolyBeats indicates a 34% probability that WTI will reach $110 by month-end on Polymarket, with a 10% chance for $110 and a 4% chance for $130.
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