Trader consensus on Polymarket reflects near-certainty at 99.7% implied probability for "No," as WTI crude oil futures trade around $103 per barrel—roughly 30% below the 2008 all-time high closing price of $147.27—leaving scant room for a record-breaking surge by market close today. This positioning stems from March 2026's volatile rally, with prices up over 50% month-to-date amid escalating US-Iran tensions, Israeli strikes, and threats of broader conflict disrupting supply routes, yet ample global inventories and OPEC+ spare capacity have capped gains. Tail risks include unforeseen Middle East supply shocks or extreme speculative buying, but proximity to resolution and historical intraday volatility limits such scenarios to the slim 0.3% "Yes" odds.
Experimental AI-generated summary referencing Polymarket data · UpdatedCrude Oil all time high by March 31?
Crude Oil all time high by March 31?
$776,712 Vol.
$776,712 Vol.
$776,712 Vol.
$776,712 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 March 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 9, 2026, 12:52 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 March 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 near-certainty at 99.7% implied probability for "No," as WTI crude oil futures trade around $103 per barrel—roughly 30% below the 2008 all-time high closing price of $147.27—leaving scant room for a record-breaking surge by market close today. This positioning stems from March 2026's volatile rally, with prices up over 50% month-to-date amid escalating US-Iran tensions, Israeli strikes, and threats of broader conflict disrupting supply routes, yet ample global inventories and OPEC+ spare capacity have capped gains. Tail risks include unforeseen Middle East supply shocks or extreme speculative buying, but proximity to resolution and historical intraday volatility limits such scenarios to the slim 0.3% "Yes" odds.
Experimental AI-generated summary referencing Polymarket data · Updated
Beware of external links.
Beware of external links.
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