WTI crude oil futures have surged above $100 per barrel in the front month (CLK26), up over 7% in the latest session, driven primarily by escalating Middle East tensions including Strait of Hormuz disruptions and fears of protracted Iran conflict disrupting shipments. This geopolitical risk premium overrides recent U.S. inventory builds, with the latest EIA report showing a 6.9 million barrel increase to 456 million barrels excluding SPR, signaling ample near-term supply amid OPEC+ modest output boosts for April. Futures curve implies trader consensus for moderation, with June 2026 contract (CLM26) trading around $95 amid forecasts like EIA's projecting Brent below $80 by Q3 on persistent stock accumulation. Traders eye weekly EIA inventories, OPEC+ meetings, and summer driving season demand for resolution swings by end-June.
Experimental AI-generated summary referencing Polymarket data · UpdatedWill Crude Oil (CL) hit__ by end of June?
Will Crude Oil (CL) hit__ by end of June?
$2,699,631 Vol.
↑ $200
14%
↑ $175
17%
↑ $150
27%
↑ $140
35%
↑ $130
40%
↑ $120
56%
↑ $115
60%
↑ $110
71%
↑ $105
76%
↑ $100
89%
↓ $85
69%
↓ $80
60%
↓ $70
37%
↓ $60
19%
↓ $55
13%
↓ $52
7%
↓ $50
6%
↓ $47
5%
↓ $45
4%
↓ $40
4%
↓ $35
3%
$2,699,631 Vol.
↑ $200
14%
↑ $175
17%
↑ $150
27%
↑ $140
35%
↑ $130
40%
↑ $120
56%
↑ $115
60%
↑ $110
71%
↑ $105
76%
↑ $100
89%
↓ $85
69%
↓ $80
60%
↓ $70
37%
↓ $60
19%
↓ $55
13%
↓ $52
7%
↓ $50
6%
↓ $47
5%
↓ $45
4%
↓ $40
4%
↓ $35
3%
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.
Only the Active Month's official settlement price published by CME Group will be considered. Intraday trades, highs, lows, bids, offers, midpoint values, or indicative prices do not count.
Note that the settlement price may differ from the last traded price. CME's methodology to determine the settlement price can vary by commodity and contract.
Only days on which CME publishes an official settlement price for the Active Month will be included. Days without settlement prices (weekends, holidays, or market closures) are ignored.
This market will resolve based on the settlement price as it appears on the CME settlement page at the time it is first published for that trading day, regardless of any later corrections or updates.
The resolution source for this market is the CME Group website — specifically, the daily "Settlement" price for the Active Month of Crude Oil (CL) futures.
Market Opened: Mar 3, 2026, 3:47 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.
Only the Active Month's official settlement price published by CME Group will be considered. Intraday trades, highs, lows, bids, offers, midpoint values, or indicative prices do not count.
Note that the settlement price may differ from the last traded price. CME's methodology to determine the settlement price can vary by commodity and contract.
Only days on which CME publishes an official settlement price for the Active Month will be included. Days without settlement prices (weekends, holidays, or market closures) are ignored.
This market will resolve based on the settlement price as it appears on the CME settlement page at the time it is first published for that trading day, regardless of any later corrections or updates.
The resolution source for this market is the CME Group website — specifically, the daily "Settlement" price for the Active Month of Crude Oil (CL) futures.
Resolver
0x65070BE91...WTI crude oil futures have surged above $100 per barrel in the front month (CLK26), up over 7% in the latest session, driven primarily by escalating Middle East tensions including Strait of Hormuz disruptions and fears of protracted Iran conflict disrupting shipments. This geopolitical risk premium overrides recent U.S. inventory builds, with the latest EIA report showing a 6.9 million barrel increase to 456 million barrels excluding SPR, signaling ample near-term supply amid OPEC+ modest output boosts for April. Futures curve implies trader consensus for moderation, with June 2026 contract (CLM26) trading around $95 amid forecasts like EIA's projecting Brent below $80 by Q3 on persistent stock accumulation. Traders eye weekly EIA inventories, OPEC+ meetings, and summer driving season demand for resolution swings by end-June.
Experimental AI-generated summary referencing Polymarket data · Updated



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