Geopolitical supply disruptions from U.S.-Iran tensions and the effective closure of the Strait of Hormuz remain the dominant driver of WTI crude oil futures, which have traded near $105 per barrel in mid-May 2026 after surging on reduced flows of roughly 2 million barrels per day. Global inventories are projected to draw sharply in the second quarter, with the EIA forecasting Brent near $106 per barrel through June amid persistent Middle East production shut-ins. Traders price in elevated near-term balances despite robust U.S. output and softening demand signals from China, while the futures curve shows backwardation reflecting tight physical markets. Key upcoming catalysts include the June OPEC+ ministerial meeting, weekly EIA petroleum status reports, and any progress toward reopening Hormuz or resolving hostilities, which could ease the risk premium and pressure prices lower by resolution.
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?
$17,116,344 Vol.
↑ $200
2%
↑ $175
5%
↑ $150
12%
↑ $140
19%
↑ $130
30%
↑ $120
47%
↑ $115
58%
↑ $110
66%
↑ $105
88%
↓ $90
62%
↓ $85
42%
↓ $80
36%
↓ $70
10%
↓ $60
5%
↓ $55
3%
↓ $52
2%
↓ $50
2%
↓ $47
1%
↓ $45
1%
↓ $40
1%
↓ $35
1%
$17,116,344 Vol.
↑ $200
2%
↑ $175
5%
↑ $150
12%
↑ $140
19%
↑ $130
30%
↑ $120
47%
↑ $115
58%
↑ $110
66%
↑ $105
88%
↓ $90
62%
↓ $85
42%
↓ $80
36%
↓ $70
10%
↓ $60
5%
↓ $55
3%
↓ $52
2%
↓ $50
2%
↓ $47
1%
↓ $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: 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 supply disruptions from U.S.-Iran tensions and the effective closure of the Strait of Hormuz remain the dominant driver of WTI crude oil futures, which have traded near $105 per barrel in mid-May 2026 after surging on reduced flows of roughly 2 million barrels per day. Global inventories are projected to draw sharply in the second quarter, with the EIA forecasting Brent near $106 per barrel through June amid persistent Middle East production shut-ins. Traders price in elevated near-term balances despite robust U.S. output and softening demand signals from China, while the futures curve shows backwardation reflecting tight physical markets. Key upcoming catalysts include the June OPEC+ ministerial meeting, weekly EIA petroleum status reports, and any progress toward reopening Hormuz or resolving hostilities, which could ease the risk premium and pressure prices lower by resolution.
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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