Will Crude Oil (CL) hit (HIGH) $120 by end of June?

The current market price for YES is $0.125, implying a 12.5% probability. The market ends on June 30, 2026, and the current date is June 2, 2026, leaving approximately 28 days. Despite recent news suggesting potential price spikes to $120 or higher due to Middle East supply risks, the price trend for the YES contract has been declining significantly over the past 7 days (-32.4%), with 6 out of 7 days showing a decrease. This suggests decreasing market confidence that the $120 target will be met