Recent geopolitical tensions in the Middle East, including disruptions to Strait of Hormuz shipments amid Iran-related conflict, have tightened global supply and lifted Brent crude toward $88 per barrel and WTI near $84 as of mid-August 2026. These levels remain well below the 2008 all-time highs above $147, supported by low U.S. inventories, robust export demand, and reduced imports. EIA forecasts anticipate Brent averaging around $85 in Q3 before easing toward $69 in 2027 as production recovers and non-OPEC+ output expands. Traders are monitoring OPEC+ quota decisions, upcoming inventory reports, and any escalation in regional shipping risks that could further constrain supply against moderating demand 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...?
$2,490,846 Vol.
September 30
4%
December 31
13%
$2,490,846 Vol.
September 30
4%
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...Recent geopolitical tensions in the Middle East, including disruptions to Strait of Hormuz shipments amid Iran-related conflict, have tightened global supply and lifted Brent crude toward $88 per barrel and WTI near $84 as of mid-August 2026. These levels remain well below the 2008 all-time highs above $147, supported by low U.S. inventories, robust export demand, and reduced imports. EIA forecasts anticipate Brent averaging around $85 in Q3 before easing toward $69 in 2027 as production recovers and non-OPEC+ output expands. Traders are monitoring OPEC+ quota decisions, upcoming inventory reports, and any escalation in regional shipping risks that could further constrain supply against moderating demand 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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