WTI crude oil (CL) futures have rallied sharply to around $103 per barrel amid escalating Middle East tensions, including Strait of Hormuz disruptions and U.S. considerations of ground troops in Iran, embedding a significant geopolitical risk premium that propelled prices over 5% higher Friday from a $99.64 settlement. Backwardation in the futures curve underscores tight near-term supply expectations, reinforced by falling U.S. rig counts and IEA's March 2026 forecast of 640 kb/d global consumption growth. OPEC+ opted for a modest April output hike earlier this month despite disruptions. With March 31 settlement imminent, traders focus on EIA weekly inventories and potential weekend escalations as pivotal catalysts for final positioning.
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?
$73,048,832 Vol.
↑ $200
<1%
↑ $180
<1%
↑ $150
1%
↑ $140
1%
↑ $130
2%
↑ $120
3%
↑ $110
14%
↑ $105
36%
↑ $100
71%
↓ $80
1%
↓ $85
2%
↓ $75
1%
↓ $70
<1%
↓ $40
<1%
↓ $65
<1%
↓ $60
<1%
↓ $50
<1%
↓ $55
<1%
↓ $45
<1%
$73,048,832 Vol.
↑ $200
<1%
↑ $180
<1%
↑ $150
1%
↑ $140
1%
↑ $130
2%
↑ $120
3%
↑ $110
14%
↑ $105
36%
↑ $100
71%
↓ $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: Mar 6, 2026, 1:26 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 (CL) futures have rallied sharply to around $103 per barrel amid escalating Middle East tensions, including Strait of Hormuz disruptions and U.S. considerations of ground troops in Iran, embedding a significant geopolitical risk premium that propelled prices over 5% higher Friday from a $99.64 settlement. Backwardation in the futures curve underscores tight near-term supply expectations, reinforced by falling U.S. rig counts and IEA's March 2026 forecast of 640 kb/d global consumption growth. OPEC+ opted for a modest April output hike earlier this month despite disruptions. With March 31 settlement imminent, traders focus on EIA weekly inventories and potential weekend escalations as pivotal catalysts for final positioning.
Experimental AI-generated summary referencing Polymarket data · Updated



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