Recent geopolitical tensions in the Middle East, particularly US-Iran hostilities and disruptions to flows through the Strait of Hormuz, have driven sharp volatility in crude benchmarks, pushing WTI prices from lows near $55 in late 2025 to peaks above $117 earlier in 2026 before easing to the $96–107 range by mid-September. This supply shock has tightened global inventories, with draws averaging several million barrels per day, though weak Chinese refining demand and expectations of gradual supply recovery have capped further gains well below the $147 all-time high set in 2008. Traders are monitoring upcoming EIA inventory data, OPEC+ compliance, and any progress in regional negotiations as key near-term catalysts that could shift the market-implied odds around resolution thresholds.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedCrude Oil all time high by...?
$4,042,384 Vol.
September 30
1%
December 31
14%
$4,042,384 Vol.
September 30
1%
December 31
14%
For CME Crude Oil (CL) futures contracts, the active month is the nearest of the contract months listed. The active month becomes a non-active month effective two business days prior to the spot month expiration. For example, if the spot month expires on a Friday the next listed contract will be considered the Active Month on the Wednesday prior to the spot month expiration.
This market will resolve as soon as a high price greater than the listed value is published, or once finalized data for the final trading day of the specified time period is published and a high price greater than $147.27 has not been achieved.
The resolution source for this market is the CME Group website (https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html) — specifically, the daily "High" prices for the Active Month of Crude Oil (CL) futures. If finalized data for the final trading day of the specified time period has not been published on the CME Group website within 14 calendar days (ET) of the end of that period, this market will resolve based on the data published through all CME Group channels up to that point.
Market Opened: Apr 30, 2026, 2:38 PM ET
Resolver
0x65070BE91...For CME Crude Oil (CL) futures contracts, the active month is the nearest of the contract months listed. The active month becomes a non-active month effective two business days prior to the spot month expiration. For example, if the spot month expires on a Friday the next listed contract will be considered the Active Month on the Wednesday prior to the spot month expiration.
This market will resolve as soon as a high price greater than the listed value is published, or once finalized data for the final trading day of the specified time period is published and a high price greater than $147.27 has not been achieved.
The resolution source for this market is the CME Group website (https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html) — specifically, the daily "High" prices for the Active Month of Crude Oil (CL) futures. If finalized data for the final trading day of the specified time period has not been published on the CME Group website within 14 calendar days (ET) of the end of that period, this market will resolve based on the data published through all CME Group channels up to that point.
Resolver
0x65070BE91...Recent geopolitical tensions in the Middle East, particularly US-Iran hostilities and disruptions to flows through the Strait of Hormuz, have driven sharp volatility in crude benchmarks, pushing WTI prices from lows near $55 in late 2025 to peaks above $117 earlier in 2026 before easing to the $96–107 range by mid-September. This supply shock has tightened global inventories, with draws averaging several million barrels per day, though weak Chinese refining demand and expectations of gradual supply recovery have capped further gains well below the $147 all-time high set in 2008. Traders are monitoring upcoming EIA inventory data, OPEC+ compliance, and any progress in regional negotiations as key near-term catalysts that could shift the market-implied odds around resolution thresholds.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated


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