WTI crude oil futures (CL) have surged above $111 per barrel as of April 2, propelled by escalating U.S.-Israeli tensions with Iran disrupting flows through the Strait of Hormuz—a chokepoint for 20% of global supply—driving a 50% rally since late February amid supply shock fears. Despite OPEC+ initiating gradual output hikes of 206,000 barrels per day this month to unwind voluntary cuts and U.S. inventories building 5.5 million barrels in the week to March 27, trader consensus prices in persistent geopolitical risk premiums overriding ample non-OPEC supply growth forecasts from EIA and IEA. Upcoming catalysts include today's OPEC+ meeting, weekly EIA inventory data, and April 14 IEA Oil Market Report, with end-June settlement hinging on conflict de-escalation or further Strait disruptions versus demand softening from higher prices.
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
66%
$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
66%
$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 futures (CL) have surged above $111 per barrel as of April 2, propelled by escalating U.S.-Israeli tensions with Iran disrupting flows through the Strait of Hormuz—a chokepoint for 20% of global supply—driving a 50% rally since late February amid supply shock fears. Despite OPEC+ initiating gradual output hikes of 206,000 barrels per day this month to unwind voluntary cuts and U.S. inventories building 5.5 million barrels in the week to March 27, trader consensus prices in persistent geopolitical risk premiums overriding ample non-OPEC supply growth forecasts from EIA and IEA. Upcoming catalysts include today's OPEC+ meeting, weekly EIA inventory data, and April 14 IEA Oil Market Report, with end-June settlement hinging on conflict de-escalation or further Strait disruptions versus demand softening from higher prices.
Experimental AI-generated summary referencing Polymarket data · Updated



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