WTI crude oil prices surged above $111 per barrel on April 2, 2026, up over 11% intraday, as President Trump's statements dashed hopes for a swift end to the Iran conflict and heightened risks of Strait of Hormuz disruptions—threatening 20% of global supply flows. Despite bearish US Energy Information Administration data showing crude inventories rising 5.5 million barrels to 461.6 million barrels for the week ending March 27 (near three-year highs) and refinery inputs steady at 16.4 million barrels per day, geopolitical premiums have overwhelmed fundamentals. OPEC+ continues production pauses into early 2026, supporting prices amid resilient US output forecasts of 13.6 million barrels per day. Traders eye next EIA report on April 8 and Iran escalation for volatility through month-end.
Experimental AI-generated summary referencing Polymarket data · Updated$4,494,158 Vol.
↑ $200
3%
↑ $170
6%
↑ $160
9%
↑ $150
14%
↑ $140
23%
↑ $130
41%
↑ $120
71%
↓ $80
19%
↓ $70
6%
↓ $60
1%
↓ $50
1%
↓ $40
<1%
↓ $30
<1%
↓ $20
<1%
$4,494,158 Vol.
↑ $200
3%
↑ $170
6%
↑ $160
9%
↑ $150
14%
↑ $140
23%
↑ $130
41%
↑ $120
71%
↓ $80
19%
↓ $70
6%
↓ $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 prices surged above $111 per barrel on April 2, 2026, up over 11% intraday, as President Trump's statements dashed hopes for a swift end to the Iran conflict and heightened risks of Strait of Hormuz disruptions—threatening 20% of global supply flows. Despite bearish US Energy Information Administration data showing crude inventories rising 5.5 million barrels to 461.6 million barrels for the week ending March 27 (near three-year highs) and refinery inputs steady at 16.4 million barrels per day, geopolitical premiums have overwhelmed fundamentals. OPEC+ continues production pauses into early 2026, supporting prices amid resilient US output forecasts of 13.6 million barrels per day. Traders eye next EIA report on April 8 and Iran escalation for volatility through month-end.
Experimental AI-generated summary referencing Polymarket data · Updated



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