Escalating geopolitical tensions in the Middle East, including U.S.-Israeli strikes on Iran and disruptions near the Strait of Hormuz, propelled WTI crude oil (CL) futures sharply higher, driving the March 2026 contract to settle at approximately $102 per barrel on March 31 amid supply fears and a $20/bbl surge since late February hostilities. This overwhelming trader consensus—100% implied probability on $90+—reflects skin-in-the-game positioning backed by heightened risk premiums, outpacing OPEC+'s modest 206,000 b/d output hike for April. While resolution appears certain, a surprise de-escalation or rapid SPR releases could theoretically pressure prices lower, though current momentum favors sustained elevated levels ahead of April EIA inventory data.
Experimental AI-generated summary referencing Polymarket data · Updated$90+ 100.0%
<$60 <1%
$60-$65 <1%
$65-$70 <1%
$1,491,410 Vol.
$1,491,410 Vol.
<$60
No
$60-$65
No
$65-$70
No
$70-$75
No
$75-$80
No
$80-$85
No
$85-$90
No
$90+
Yes
$90+ 100.0%
<$60 <1%
$60-$65 <1%
$65-$70 <1%
$1,491,410 Vol.
$1,491,410 Vol.
<$60
No
$60-$65
No
$65-$70
No
$70-$75
No
$75-$80
No
$80-$85
No
$85-$90
No
$90+
Yes
If the reported value falls exactly between two brackets, then this market will resolve to the higher range bracket.
If the final trading day of the month is shortened (for example, due to a market-holiday schedule), the official settlement price published for that shortened session will still be used for resolution. If no settlement price is published for that session, the market will use the most recent published settlement for the Active Month during March.
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.
Only the Active Month's official settlement price published by CME Group will be considered. Intraday trades, highs, lows, bids, offers, midpoint values, or indicative prices do not count.
Note that the settlement price may differ from the last traded price. CME's methodology to determine the settlement price can vary by commodity and contract.
Only days during March on which CME publishes an official settlement price for the Active Month will be included. Days without settlement prices (weekends, holidays, or market closures) are ignored.
This market will resolve based on the settlement price as it appears on the CME settlement page at the time it is first published for the relevant trading day, regardless of any later corrections or updates.
The resolution source for this market is the CME Group website — specifically, the daily "Settlement" price for the Active Month of Crude Oil (CL) futures.
Market Opened: Mar 3, 2026, 7:42 PM ET
Resolver
0x69c47De9D...Outcome proposed: No
No dispute
Final outcome: No
If the reported value falls exactly between two brackets, then this market will resolve to the higher range bracket.
If the final trading day of the month is shortened (for example, due to a market-holiday schedule), the official settlement price published for that shortened session will still be used for resolution. If no settlement price is published for that session, the market will use the most recent published settlement for the Active Month during March.
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.
Only the Active Month's official settlement price published by CME Group will be considered. Intraday trades, highs, lows, bids, offers, midpoint values, or indicative prices do not count.
Note that the settlement price may differ from the last traded price. CME's methodology to determine the settlement price can vary by commodity and contract.
Only days during March on which CME publishes an official settlement price for the Active Month will be included. Days without settlement prices (weekends, holidays, or market closures) are ignored.
This market will resolve based on the settlement price as it appears on the CME settlement page at the time it is first published for the relevant trading day, regardless of any later corrections or updates.
The resolution source for this market is the CME Group website — specifically, the daily "Settlement" price for the Active Month of Crude Oil (CL) futures.
Resolver
0x69c47De9D...Outcome proposed: No
No dispute
Final outcome: No
Escalating geopolitical tensions in the Middle East, including U.S.-Israeli strikes on Iran and disruptions near the Strait of Hormuz, propelled WTI crude oil (CL) futures sharply higher, driving the March 2026 contract to settle at approximately $102 per barrel on March 31 amid supply fears and a $20/bbl surge since late February hostilities. This overwhelming trader consensus—100% implied probability on $90+—reflects skin-in-the-game positioning backed by heightened risk premiums, outpacing OPEC+'s modest 206,000 b/d output hike for April. While resolution appears certain, a surprise de-escalation or rapid SPR releases could theoretically pressure prices lower, though current momentum favors sustained elevated levels ahead of April EIA inventory data.
Experimental AI-generated summary referencing Polymarket data · Updated



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