WTI crude oil futures have surged above $112 per barrel as of April 2, 2026—the highest since June 2022—reflecting trader consensus on a substantial geopolitical risk premium from ongoing Strait of Hormuz disruptions tightening global supply flows and flipping WTI above Brent at $107. This supply shock overshadowed softer demand signals from China, with recent EIA data showing steady U.S. distillate production amid declining gasoline output. OPEC+ meets Sunday to consider a further 411,000 barrels per day hike following March's modest increase, while Macquarie anticipates Hormuz normalization in 6–8 weeks. Key watchpoints include Thursday's EIA inventories and IEA's April 14 market report, as resolution proximity amplifies volatility around monthly price thresholds.
Experimental AI-generated summary referencing Polymarket data · Updated$4,727,349 Vol.
↑ $200
3%
↑ $170
4%
↑ $160
8%
↑ $150
14%
↑ $140
24%
↑ $130
40%
↑ $120
72%
↓ $80
17%
↓ $70
5%
↓ $60
1%
↓ $50
1%
↓ $40
<1%
↓ $30
<1%
↓ $20
<1%
$4,727,349 Vol.
↑ $200
3%
↑ $170
4%
↑ $160
8%
↑ $150
14%
↑ $140
24%
↑ $130
40%
↑ $120
72%
↓ $80
17%
↓ $70
5%
↓ $60
1%
↓ $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 31, 2026, 12:20 PM ET
Resolution Source
https://pythdata.app/exploreResolver
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?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...WTI crude oil futures have surged above $112 per barrel as of April 2, 2026—the highest since June 2022—reflecting trader consensus on a substantial geopolitical risk premium from ongoing Strait of Hormuz disruptions tightening global supply flows and flipping WTI above Brent at $107. This supply shock overshadowed softer demand signals from China, with recent EIA data showing steady U.S. distillate production amid declining gasoline output. OPEC+ meets Sunday to consider a further 411,000 barrels per day hike following March's modest increase, while Macquarie anticipates Hormuz normalization in 6–8 weeks. Key watchpoints include Thursday's EIA inventories and IEA's April 14 market report, as resolution proximity amplifies volatility around monthly price thresholds.
Experimental AI-generated summary referencing Polymarket data · Updated
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