Recent escalation in U.S.-Iran tensions has driven WTI crude futures to $91.48 per barrel as of early September 2026, delivering the largest weekly advance in over a month amid concerns over Strait of Hormuz flows and a 4.5 million barrel U.S. inventory draw. Prices sit roughly 37% below the 2008 all-time high near $145.31, with Brent benchmarks trading in a similar range after earlier 2026 spikes to about $120 during the Iran conflict. Market-implied odds reflect a contained geopolitical risk premium offset by softer global demand forecasts, potential supply recovery from Gulf producers, and ample non-OPEC output. Key near-term catalysts include weekly EIA inventory reports, OPEC+ decisions, and further developments in Middle East shipping constraints that could widen or narrow the gap to record levels.
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...?
$3,265,699 Vol.
September 30
2%
December 31
10%
$3,265,699 Vol.
September 30
2%
December 31
10%
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...Recent escalation in U.S.-Iran tensions has driven WTI crude futures to $91.48 per barrel as of early September 2026, delivering the largest weekly advance in over a month amid concerns over Strait of Hormuz flows and a 4.5 million barrel U.S. inventory draw. Prices sit roughly 37% below the 2008 all-time high near $145.31, with Brent benchmarks trading in a similar range after earlier 2026 spikes to about $120 during the Iran conflict. Market-implied odds reflect a contained geopolitical risk premium offset by softer global demand forecasts, potential supply recovery from Gulf producers, and ample non-OPEC output. Key near-term catalysts include weekly EIA inventory reports, OPEC+ decisions, and further developments in Middle East shipping constraints that could widen or narrow the gap to record levels.
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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