WTI crude oil (CL) front-month futures trade above $103 per barrel as of March 31, 2026, propelled by a 45% monthly surge amid US-Iran conflict escalation since late February strikes, which have throttled Strait of Hormuz flows—handling 20% of global supply—and embedded a hefty geopolitical risk premium. Countervailing pressures include EIA-reported US inventory builds and OPEC+'s planned April production hike of 206,000 barrels per day, yet trader sentiment prices in sustained supply vulnerabilities through June. Upcoming catalysts like the April 5 OPEC+ ministerial meeting, weekly EIA storage data, and potential Strategic Petroleum Reserve draws or Hormuz diplomatic breakthroughs could recalibrate the market-implied path toward end-June settlement levels.
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?
$5,734,633 Vol.
↑ $200
14%
↑ $175
15%
↑ $150
25%
↑ $140
32%
↑ $130
45%
↑ $120
62%
↑ $115
70%
↑ $110
80%
↑ $105
94%
↓ $85
63%
↓ $80
50%
↓ $70
29%
↓ $60
15%
↓ $55
8%
↓ $52
6%
↓ $50
4%
↓ $47
4%
↓ $45
4%
↓ $40
3%
↓ $35
2%
$5,734,633 Vol.
↑ $200
14%
↑ $175
15%
↑ $150
25%
↑ $140
32%
↑ $130
45%
↑ $120
62%
↑ $115
70%
↑ $110
80%
↑ $105
94%
↓ $85
63%
↓ $80
50%
↓ $70
29%
↓ $60
15%
↓ $55
8%
↓ $52
6%
↓ $50
4%
↓ $47
4%
↓ $45
4%
↓ $40
3%
↓ $35
2%
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 (CL) front-month futures trade above $103 per barrel as of March 31, 2026, propelled by a 45% monthly surge amid US-Iran conflict escalation since late February strikes, which have throttled Strait of Hormuz flows—handling 20% of global supply—and embedded a hefty geopolitical risk premium. Countervailing pressures include EIA-reported US inventory builds and OPEC+'s planned April production hike of 206,000 barrels per day, yet trader sentiment prices in sustained supply vulnerabilities through June. Upcoming catalysts like the April 5 OPEC+ ministerial meeting, weekly EIA storage data, and potential Strategic Petroleum Reserve draws or Hormuz diplomatic breakthroughs could recalibrate the market-implied path toward end-June settlement levels.
Experimental AI-generated summary referencing Polymarket data · Updated



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