WTI crude oil futures rallied sharply 11.4% to $111.54 per barrel on April 2, 2026, marking the largest one-day dollar gain in six years, driven by President Trump's hawkish rhetoric on Iran amid escalating Middle East tensions and fears of prolonged Strait of Hormuz disruptions that have spiked the geopolitical risk premium. US EIA data showed crude inventories building by 5.5 million barrels for the week ending March 27, tempering supply concerns despite robust global demand signals. OPEC+ meets this weekend to potentially approve further output hikes of ~206,000 bpd for April onward, which could cap upside. Traders eye weekly EIA reports, summer driving season demand, and any Iran-related developments as key catalysts through June resolution, with forward curves implying moderated gains absent further escalation.
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?
$7,157,970 Vol.
↑ $200
10%
↑ $175
14%
↑ $150
24%
↑ $140
35%
↑ $130
49%
↑ $120
72%
↑ $115
83%
↓ $85
57%
↓ $80
45%
↓ $70
23%
↓ $60
10%
↓ $55
7%
↓ $52
3%
↓ $50
3%
↓ $47
3%
↓ $45
2%
↓ $40
2%
↓ $35
2%
$7,157,970 Vol.
↑ $200
10%
↑ $175
14%
↑ $150
24%
↑ $140
35%
↑ $130
49%
↑ $120
72%
↑ $115
83%
↓ $85
57%
↓ $80
45%
↓ $70
23%
↓ $60
10%
↓ $55
7%
↓ $52
3%
↓ $50
3%
↓ $47
3%
↓ $45
2%
↓ $40
2%
↓ $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 futures rallied sharply 11.4% to $111.54 per barrel on April 2, 2026, marking the largest one-day dollar gain in six years, driven by President Trump's hawkish rhetoric on Iran amid escalating Middle East tensions and fears of prolonged Strait of Hormuz disruptions that have spiked the geopolitical risk premium. US EIA data showed crude inventories building by 5.5 million barrels for the week ending March 27, tempering supply concerns despite robust global demand signals. OPEC+ meets this weekend to potentially approve further output hikes of ~206,000 bpd for April onward, which could cap upside. Traders eye weekly EIA reports, summer driving season demand, and any Iran-related developments as key catalysts through June resolution, with forward curves implying moderated gains absent further escalation.
Experimental AI-generated summary referencing Polymarket data · Updated



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