Trader consensus on Polymarket reflects a 97.3% implied probability for "No" on crude oil hitting its all-time high by April 30, driven by WTI front-month futures trading around $84 per barrel—less than 20% of the $410 peak set in December 2025—following a sharp 11% plunge on April 17 amid Iran's Foreign Minister signaling de-escalation in regional tensions and President Trump's announcement of a fully open Strait of Hormuz. Ample global supply from OPEC+ quotas, softening demand amid China economic slowdown, and bearish forecasts averaging $60–$96/bbl for 2026 further entrench this positioning, with no major catalysts in the next 11 days. Tail risks include sudden Middle East escalation or Russian export halts that could spike prices, though such scenarios remain low-probability outliers priced into the slim "Yes" odds.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedCrude Oil all time high by April 30?
Crude Oil all time high by April 30?
$285,642 Vol.
$285,642 Vol.
$285,642 Vol.
$285,642 Vol.
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.
This market will resolve as soon as a high price greater than the listed value is published, or once finalized data for the final trading day of April 2026 is published and a high price greater than $147.27 has not been achieved.
The resolution source for this market is the CME Group website (https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html) — specifically, the daily "High" prices for the Active Month of Crude Oil (CL) futures.
Market Opened: Mar 31, 2026, 3:50 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.
This market will resolve as soon as a high price greater than the listed value is published, or once finalized data for the final trading day of April 2026 is published and a high price greater than $147.27 has not been achieved.
The resolution source for this market is the CME Group website (https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html) — specifically, the daily "High" prices for the Active Month of Crude Oil (CL) futures.
Resolver
0x65070BE91...Trader consensus on Polymarket reflects a 97.3% implied probability for "No" on crude oil hitting its all-time high by April 30, driven by WTI front-month futures trading around $84 per barrel—less than 20% of the $410 peak set in December 2025—following a sharp 11% plunge on April 17 amid Iran's Foreign Minister signaling de-escalation in regional tensions and President Trump's announcement of a fully open Strait of Hormuz. Ample global supply from OPEC+ quotas, softening demand amid China economic slowdown, and bearish forecasts averaging $60–$96/bbl for 2026 further entrench this positioning, with no major catalysts in the next 11 days. Tail risks include sudden Middle East escalation or Russian export halts that could spike prices, though such scenarios remain low-probability outliers priced into the slim "Yes" odds.
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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