WTI crude oil futures have surged above $105 per barrel as of April 2, propelled by escalating geopolitical tensions in the Middle East, including U.S. threats against Iran and risks to Strait of Hormuz flows, overriding bearish U.S. inventory data. The EIA's latest weekly petroleum status report, released April 1 for the week ending March 27, showed a 5.5 million barrel crude stock build—far exceeding expectations—alongside draws in gasoline and distillate inventories, yet trader sentiment embeds a substantial risk premium amid potential supply disruptions. OPEC+'s March decision for a modest 206,000 bpd output hike in April adds gradual supply pressure, but demand signals from China remain key. Watch the next EIA report on April 8 and U.S.-Iran negotiation updates for volatility.
Experimental AI-generated summary referencing Polymarket data · Updated$2,810,758 Vol.
↑ $200
2%
↑ $170
3%
↑ $160
5%
↑ $150
10%
↑ $140
18%
↑ $130
31%
↑ $120
52%
↑ $110
87%
↓ $80
20%
↓ $70
6%
↓ $60
2%
↓ $50
1%
↓ $40
<1%
↓ $30
<1%
↓ $20
<1%
$2,810,758 Vol.
↑ $200
2%
↑ $170
3%
↑ $160
5%
↑ $150
10%
↑ $140
18%
↑ $130
31%
↑ $120
52%
↑ $110
87%
↓ $80
20%
↓ $70
6%
↓ $60
2%
↓ $50
1%
↓ $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?search=WTI, 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/exploreResolver
0x65070BE91...Outcome proposed: Yes
No dispute
Final outcome: Yes
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?search=WTI, 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/exploreResolver
0x65070BE91...Outcome proposed: Yes
No dispute
Final outcome: Yes
WTI crude oil futures have surged above $105 per barrel as of April 2, propelled by escalating geopolitical tensions in the Middle East, including U.S. threats against Iran and risks to Strait of Hormuz flows, overriding bearish U.S. inventory data. The EIA's latest weekly petroleum status report, released April 1 for the week ending March 27, showed a 5.5 million barrel crude stock build—far exceeding expectations—alongside draws in gasoline and distillate inventories, yet trader sentiment embeds a substantial risk premium amid potential supply disruptions. OPEC+'s March decision for a modest 206,000 bpd output hike in April adds gradual supply pressure, but demand signals from China remain key. Watch the next EIA report on April 8 and U.S.-Iran negotiation updates for volatility.
Experimental AI-generated summary referencing Polymarket data · Updated



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