Geopolitical tensions in the Middle East, including disruptions through the Strait of Hormuz and related supply shut-ins, have lifted WTI crude prices to around $86-87 per barrel in August 2026, up sharply from year-ago levels yet still well below the $147 all-time high set in 2008. Reduced Gulf output and inventory draws have supported near-term strength, though EIA and J.P. Morgan forecasts point to averages near $85 in Q3 before easing as production recovers. Trader sentiment reflects uncertainty over conflict resolution timelines, OPEC+ policy, and global demand trends amid elevated fuel prices. Key upcoming catalysts include potential easing of maritime constraints, weekly inventory data, and central bank signals affecting broader risk appetite and economic growth.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedCrude Oil all time high by...?
$2,686,324 Vol.
September 30
2%
December 31
13%
$2,686,324 Vol.
September 30
2%
December 31
13%
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.
This market will resolve as soon as a high price greater than the listed value is published, or once finalized data for the final trading day of the specified time period is published and a high price greater than $147.27 has not been achieved.
The resolution source for this market is the CME Group website (https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html) — specifically, the daily "High" prices for the Active Month of Crude Oil (CL) futures.
Market Opened: Apr 30, 2026, 2:38 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.
This market will resolve as soon as a high price greater than the listed value is published, or once finalized data for the final trading day of the specified time period is published and a high price greater than $147.27 has not been achieved.
The resolution source for this market is the CME Group website (https://www.cmegroup.com/markets/energy/crude-oil/light-sweet-crude.quotes.html) — specifically, the daily "High" prices for the Active Month of Crude Oil (CL) futures.
Resolver
0x65070BE91...Geopolitical tensions in the Middle East, including disruptions through the Strait of Hormuz and related supply shut-ins, have lifted WTI crude prices to around $86-87 per barrel in August 2026, up sharply from year-ago levels yet still well below the $147 all-time high set in 2008. Reduced Gulf output and inventory draws have supported near-term strength, though EIA and J.P. Morgan forecasts point to averages near $85 in Q3 before easing as production recovers. Trader sentiment reflects uncertainty over conflict resolution timelines, OPEC+ policy, and global demand trends amid elevated fuel prices. Key upcoming catalysts include potential easing of maritime constraints, weekly inventory data, and central bank signals affecting broader risk appetite and economic growth.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated


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