WTI crude oil futures have surged above $100 per barrel in late March 2026, driven primarily by a U.S.-Israeli military campaign against Iran since February 28 that has severely disrupted flows through the Strait of Hormuz—choking roughly 15-20% of global supply—and prompted partial shutdowns in Middle East production. This geopolitical risk premium has overshadowed bearish factors like a surprise 6.9 million barrel U.S. crude inventory build reported March 25 and OPEC+'s planned April output hike of 206,000 barrels per day. EIA forecasts U.S. production steady at 13.6 million b/d, with prices potentially easing below $80/b by Q3 if tensions de-escalate. Traders eye key catalysts: April 1 EIA inventories, an April 6 U.S. deadline on Iranian energy strikes, and ceasefire negotiations for volatility into April.
Experimental AI-generated summary referencing Polymarket data · Updated$437,980 Vol.
↑ $150
16%
↑ $140
23%
↑ $130
40%
↑ $120
56%
↑ $110
71%
↑ $100
93%
↑ $90
99%
↓ $80
26%
↓ $70
13%
↓ $60
4%
↓ $50
2%
↓ $40
1%
↓ $30
1%
↓ $20
1%
$437,980 Vol.
↑ $150
16%
↑ $140
23%
↑ $130
40%
↑ $120
56%
↑ $110
71%
↑ $100
93%
↑ $90
99%
↓ $80
26%
↓ $70
13%
↓ $60
4%
↓ $50
2%
↓ $40
1%
↓ $30
1%
↓ $20
1%
For WTI futures, the active month refers to the nearest listed contract month. The active month changes at 6:00:00 PM ET at the start of the trading session two business days prior to that contract's last trading day, at which point the next listed contract becomes the active month.
For WTI Crude Oil (CL) futures, the last trading day is defined as three business days prior to the 25th calendar day of the month preceding the contract's delivery month, consistent with CME contract specifications.
Only prices achieved during the applicable trading session for the underlying market will be considered. Under the standard schedule, trading is open from 6:00:00 PM ET Sunday through 5:00:00 PM ET Friday, with a daily break from 5:00:00 PM ET to 6:00:00 PM ET, except where modified by holiday or special-session hours as listed on Pyth.
Prices will be used exactly as published by Pyth, without rounding.
If the Active Month contract does not trade at all during the listed time frame, this market will resolve to "No".
In the event of a contract specification change, feed change, or similar structural modification affecting the underlying market during the listed time frame, this market will resolve based on adjusted prices as displayed on Pyth.
The resolution source for this market is Pyth — specifically, the Active Month WTI Crude Oil futures "High" prices available at https://pythdata.app/explore/Commodities.WTIM6%2FUSD, with the chart settings configured for 1-minute candles.
Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
If the relevant Pyth data is unavailable due to a system outage, data failure, or other technical disruption that prevents verification of the required 1-minute candle data, the official daily high price published for the Active Month WTI Crude Oil (CL) futures contract by CME Group may be used to determine whether the listed price was reached during the applicable trading session.
Market Opened: Mar 25, 2026, 12:01 AM ET
Resolution Source
https://pythdata.app/explore/Commodities.WTIM6%2FUSDResolver
0x65070BE91...For WTI futures, the active month refers to the nearest listed contract month. The active month changes at 6:00:00 PM ET at the start of the trading session two business days prior to that contract's last trading day, at which point the next listed contract becomes the active month.
For WTI Crude Oil (CL) futures, the last trading day is defined as three business days prior to the 25th calendar day of the month preceding the contract's delivery month, consistent with CME contract specifications.
Only prices achieved during the applicable trading session for the underlying market will be considered. Under the standard schedule, trading is open from 6:00:00 PM ET Sunday through 5:00:00 PM ET Friday, with a daily break from 5:00:00 PM ET to 6:00:00 PM ET, except where modified by holiday or special-session hours as listed on Pyth.
Prices will be used exactly as published by Pyth, without rounding.
If the Active Month contract does not trade at all during the listed time frame, this market will resolve to "No".
In the event of a contract specification change, feed change, or similar structural modification affecting the underlying market during the listed time frame, this market will resolve based on adjusted prices as displayed on Pyth.
The resolution source for this market is Pyth — specifically, the Active Month WTI Crude Oil futures "High" prices available at https://pythdata.app/explore/Commodities.WTIM6%2FUSD, with the chart settings configured for 1-minute candles.
Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
If the relevant Pyth data is unavailable due to a system outage, data failure, or other technical disruption that prevents verification of the required 1-minute candle data, the official daily high price published for the Active Month WTI Crude Oil (CL) futures contract by CME Group may be used to determine whether the listed price was reached during the applicable trading session.
Resolution Source
https://pythdata.app/explore/Commodities.WTIM6%2FUSDResolver
0x65070BE91...WTI crude oil futures have surged above $100 per barrel in late March 2026, driven primarily by a U.S.-Israeli military campaign against Iran since February 28 that has severely disrupted flows through the Strait of Hormuz—choking roughly 15-20% of global supply—and prompted partial shutdowns in Middle East production. This geopolitical risk premium has overshadowed bearish factors like a surprise 6.9 million barrel U.S. crude inventory build reported March 25 and OPEC+'s planned April output hike of 206,000 barrels per day. EIA forecasts U.S. production steady at 13.6 million b/d, with prices potentially easing below $80/b by Q3 if tensions de-escalate. Traders eye key catalysts: April 1 EIA inventories, an April 6 U.S. deadline on Iranian energy strikes, and ceasefire negotiations for volatility into April.
Experimental AI-generated summary referencing Polymarket data · Updated
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