Geopolitical tensions stemming from U.S.-Iran frictions have driven the primary catalyst for crude oil markets, with the effective closure of the Strait of Hormuz triggering sharp supply disruptions and prompting major producers including Saudi Arabia and Iraq to shut in over 10 million barrels per day. This has accelerated global inventory draws, particularly in the second quarter, supporting Brent prices near $106 per barrel in May and June according to the latest EIA Short-Term Energy Outlook. Traders are weighing the pace of potential Hormuz reopening against record U.S. exports and OPEC+ spare capacity adjustments following the UAE’s departure. Upcoming catalysts include any resolution in Gulf shipping flows and weekly inventory reports, which could shift implied probabilities around resolution thresholds by month-end.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · UpdatedWill Crude Oil (CL) hit__ by end of June?
$17,118,135 Vol.
↑ $200
2%
↑ $175
5%
↑ $150
12%
↑ $140
19%
↑ $130
30%
↑ $120
47%
↑ $115
58%
↑ $110
66%
↑ $105
87%
↓ $90
62%
↓ $85
39%
↓ $80
36%
↓ $70
10%
↓ $60
5%
↓ $55
3%
↓ $52
2%
↓ $50
2%
↓ $47
1%
↓ $45
2%
↓ $40
1%
↓ $35
1%
$17,118,135 Vol.
↑ $200
2%
↑ $175
5%
↑ $150
12%
↑ $140
19%
↑ $130
30%
↑ $120
47%
↑ $115
58%
↑ $110
66%
↑ $105
87%
↓ $90
62%
↓ $85
39%
↓ $80
36%
↓ $70
10%
↓ $60
5%
↓ $55
3%
↓ $52
2%
↓ $50
2%
↓ $47
1%
↓ $45
2%
↓ $40
1%
↓ $35
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: May 11, 2026, 9:10 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...Geopolitical tensions stemming from U.S.-Iran frictions have driven the primary catalyst for crude oil markets, with the effective closure of the Strait of Hormuz triggering sharp supply disruptions and prompting major producers including Saudi Arabia and Iraq to shut in over 10 million barrels per day. This has accelerated global inventory draws, particularly in the second quarter, supporting Brent prices near $106 per barrel in May and June according to the latest EIA Short-Term Energy Outlook. Traders are weighing the pace of potential Hormuz reopening against record U.S. exports and OPEC+ spare capacity adjustments following the UAE’s departure. Upcoming catalysts include any resolution in Gulf shipping flows and weekly inventory reports, which could shift implied probabilities around resolution thresholds by month-end.
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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