Brent crude oil price on May 29, 2026 at 5:00 PM EDT?

Prediction market odds on Kalshi reflect real-money trader conviction and aggregate dispersed information from energy markets, geopolitical developments, and supply-demand forecasts. Analyst forecasts typically rely on fundamental models, OPEC production guidance, and macroeconomic outlooks. Markets often price in tail risks and sentiment shifts faster than consensus analyst revisions. Comparing Kalshi odds to published oil price targets from major investment banks and energy consultancies can reveal whether traders are more bullish or bearish than the consensus view, highlighting potential market inefficiencies or forward-looking concerns about supply disruptions or demand shocks.

The market resolves on May 29, 2026. Resolution is determined by the official Brent crude oil closing price at 5:00 PM EDT on May 29, 2026. Traders who correctly predicted whether the price would close above or below 100.99 USD/Bbl receive their payout. The settlement price is sourced from authoritative energy market data providers to ensure accuracy and eliminate disputes. Once the market resolves, all open positions are automatically settled and funds are credited or debited from trader accounts.

Key drivers include OPEC production decisions and compliance reports, which directly influence global crude supply. Geopolitical tensions in the Middle East, Russia, or other oil-producing regions can trigger supply shocks. Macroeconomic data—US GDP, inflation, and interest rate expectations—affect energy demand and investor risk appetite. Inventory reports from the US Energy Information Administration and IEA releases provide real-time supply-demand balance signals. Hurricane activity in the Gulf of Mexico, refinery outages, and shipping disruptions can constrain supply. Currency movements, particularly USD strength, influence oil prices for international buyers. Renewable energy adoption trends and strategic petroleum reserve releases also shape longer-term price expectations.