WTI crude oil futures (CL) have rallied sharply to $101.18 per barrel in the front-month April contract as of March 28, driven by heightened geopolitical risks from Iran tensions and fears of Strait of Hormuz disruptions—the largest potential oil supply shock in history—adding a substantial risk premium to prices. This follows a 5%+ surge on March 27 amid reduced Russian exports and volatile trading, with Brent briefly topping $105 before slipping. Trader consensus on Polymarket reflects elevated near-term pricing above $90 for March settlement by March 31. Watch Wednesday's EIA crude inventories for demand signals and OPEC+'s April production hike of 206,000 b/d, with forecasts eyeing a Q3 pullback below $80/bbl on rebalancing supply.
Experimental AI-generated summary referencing Polymarket data · UpdatedWill Crude Oil (CL) hit__ by end of March?
Will Crude Oil (CL) hit__ by end of March?
$71,272,314 Vol.
↑ $200
<1%
↑ $180
<1%
↑ $150
1%
↑ $140
1%
↑ $130
3%
↑ $120
9%
↑ $110
25%
↑ $105
50%
↑ $100
81%
↓ $80
1%
↓ $85
2%
↓ $75
1%
↓ $70
1%
↓ $40
<1%
↓ $65
<1%
↓ $60
<1%
↓ $50
<1%
↓ $55
<1%
↓ $45
<1%
$71,272,314 Vol.
↑ $200
<1%
↑ $180
<1%
↑ $150
1%
↑ $140
1%
↑ $130
3%
↑ $120
9%
↑ $110
25%
↑ $105
50%
↑ $100
81%
↓ $80
1%
↓ $85
2%
↓ $75
1%
↓ $70
1%
↓ $40
<1%
↓ $65
<1%
↓ $60
<1%
↓ $50
<1%
↓ $55
<1%
↓ $45
<1%
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 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 that 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: Feb 28, 2026, 1:52 PM ET
Resolver
0x65070BE91...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 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 that 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
0x65070BE91...WTI crude oil futures (CL) have rallied sharply to $101.18 per barrel in the front-month April contract as of March 28, driven by heightened geopolitical risks from Iran tensions and fears of Strait of Hormuz disruptions—the largest potential oil supply shock in history—adding a substantial risk premium to prices. This follows a 5%+ surge on March 27 amid reduced Russian exports and volatile trading, with Brent briefly topping $105 before slipping. Trader consensus on Polymarket reflects elevated near-term pricing above $90 for March settlement by March 31. Watch Wednesday's EIA crude inventories for demand signals and OPEC+'s April production hike of 206,000 b/d, with forecasts eyeing a Q3 pullback below $80/bbl on rebalancing supply.
Experimental AI-generated summary referencing Polymarket data · Updated
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