Geopolitical tensions surrounding the Iran conflict and effective closure of the Strait of Hormuz have driven the primary supply shock for WTI crude, with inventories drawing sharply and prices holding near $105 per barrel as of mid-May 2026. This disruption has created a market deficit through the second quarter, supporting elevated levels despite OPEC’s downward revision to 2026 global demand growth to 1.17 million barrels per day. Traders are pricing in sustained volatility ahead of potential diplomatic progress on reopening shipping routes, while summer demand peaks and any Federal Reserve signals on inflation pass-through add further upside risk. Recent inventory data and tanker traffic reports reinforce the tight physical market, with resolution hinging on whether Middle East flows normalize before June 30.
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?
$17,106,408 Vol.
↑ $200
2%
↑ $175
5%
↑ $150
12%
↑ $140
19%
↑ $130
31%
↑ $120
47%
↑ $115
57%
↑ $110
66%
↑ $105
85%
↓ $90
62%
↓ $85
42%
↓ $80
34%
↓ $70
10%
↓ $60
5%
↓ $55
3%
↓ $52
2%
↓ $50
2%
↓ $47
2%
↓ $45
1%
↓ $40
1%
↓ $35
1%
$17,106,408 Vol.
↑ $200
2%
↑ $175
5%
↑ $150
12%
↑ $140
19%
↑ $130
31%
↑ $120
47%
↑ $115
57%
↑ $110
66%
↑ $105
85%
↓ $90
62%
↓ $85
42%
↓ $80
34%
↓ $70
10%
↓ $60
5%
↓ $55
3%
↓ $52
2%
↓ $50
2%
↓ $47
2%
↓ $45
1%
↓ $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: Mar 19, 2026, 1:59 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 surrounding the Iran conflict and effective closure of the Strait of Hormuz have driven the primary supply shock for WTI crude, with inventories drawing sharply and prices holding near $105 per barrel as of mid-May 2026. This disruption has created a market deficit through the second quarter, supporting elevated levels despite OPEC’s downward revision to 2026 global demand growth to 1.17 million barrels per day. Traders are pricing in sustained volatility ahead of potential diplomatic progress on reopening shipping routes, while summer demand peaks and any Federal Reserve signals on inflation pass-through add further upside risk. Recent inventory data and tanker traffic reports reinforce the tight physical market, with resolution hinging on whether Middle East flows normalize before June 30.
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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