WTI crude oil futures (CL) plunged over 7% to $94.54 per barrel on May 6, 2026, extending a multi-day selloff as reports of advancing U.S.-Iran peace talks eroded the geopolitical risk premium that spiked prices above $110 last week amid Strait of Hormuz tensions. OPEC+ approved a modest 188,000 barrels-per-day (bpd) production hike for May, signaling further increases in June contingent on supply route stabilization, while the latest EIA report showed U.S. crude inventories declining by 2.3 million barrels—less than the anticipated 3.3 million draw—amid steady refinery runs. Trader consensus prices in subdued end-June levels around current June contract pricing, vulnerable to weekly EIA data releases every Wednesday, China demand indicators, and summer driving season ramp-up, with EIA forecasting Brent below $90/bbl by Q4 amid ample non-OPEC supply growth.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedCrude Oil (CL) above ___ end of June?
Crude Oil (CL) above ___ end of June?
$118,504 Vol.
$90
59%
$85
65%
$80
71%
$75
74%
$70
78%
$65
90%
$63
92%
$60
96%
$56
96%
$55
98%
$52
96%
$50
99%
$118,504 Vol.
$90
59%
$85
65%
$80
71%
$75
74%
$70
78%
$65
90%
$63
92%
$60
96%
$56
96%
$55
98%
$52
96%
$50
99%
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 during June 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: Dec 26, 2025, 6:29 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 during June 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 (CL) plunged over 7% to $94.54 per barrel on May 6, 2026, extending a multi-day selloff as reports of advancing U.S.-Iran peace talks eroded the geopolitical risk premium that spiked prices above $110 last week amid Strait of Hormuz tensions. OPEC+ approved a modest 188,000 barrels-per-day (bpd) production hike for May, signaling further increases in June contingent on supply route stabilization, while the latest EIA report showed U.S. crude inventories declining by 2.3 million barrels—less than the anticipated 3.3 million draw—amid steady refinery runs. Trader consensus prices in subdued end-June levels around current June contract pricing, vulnerable to weekly EIA data releases every Wednesday, China demand indicators, and summer driving season ramp-up, with EIA forecasting Brent below $90/bbl by Q4 amid ample non-OPEC supply growth.
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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