WTI crude oil front-month futures surged over 11% to $111.54 per barrel on April 2 amid escalating U.S.-Iran conflict and Middle East supply disruptions, including paralyzed Iranian output and reduced Strait of Hormuz shipments—levels unseen since June 2022—driving trader consensus toward tighter near-term balances despite U.S. inventories building 5.5 million barrels for the week ended March 27. June 2026 NYMEX CLM26 futures hold near $98, pricing in persistent geopolitical premiums offset by potential OPEC+ quota hikes discussed at tomorrow's meeting. Key catalysts ahead include weekly EIA inventory reports, summer driving season demand ramp-up, and any de-escalation in Iran tensions that could ease market-implied supply risks by end-June.
Experimental AI-generated summary referencing Polymarket data · UpdatedCrude Oil (CL) above ___ end of June?
Crude Oil (CL) above ___ end of June?
$80,050 Vol.
$90
56%
$85
65%
$80
70%
$75
76%
$70
80%
$65
85%
$63
88%
$60
89%
$56
93%
$55
93%
$52
96%
$50
94%
$80,050 Vol.
$90
56%
$85
65%
$80
70%
$75
76%
$70
80%
$65
85%
$63
88%
$60
89%
$56
93%
$55
93%
$52
96%
$50
94%
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 front-month futures surged over 11% to $111.54 per barrel on April 2 amid escalating U.S.-Iran conflict and Middle East supply disruptions, including paralyzed Iranian output and reduced Strait of Hormuz shipments—levels unseen since June 2022—driving trader consensus toward tighter near-term balances despite U.S. inventories building 5.5 million barrels for the week ended March 27. June 2026 NYMEX CLM26 futures hold near $98, pricing in persistent geopolitical premiums offset by potential OPEC+ quota hikes discussed at tomorrow's meeting. Key catalysts ahead include weekly EIA inventory reports, summer driving season demand ramp-up, and any de-escalation in Iran tensions that could ease market-implied supply risks by end-June.
Experimental AI-generated summary referencing Polymarket data · Updated



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