Geopolitical tensions in the Middle East, particularly US-Iran frictions and disruptions to shipping through the Strait of Hormuz, remain the dominant driver of WTI crude oil prices in May 2026, pushing spot levels above $100 per barrel amid elevated risk premiums. Recent de-escalation signals, including proposals to reopen the strait and ease port blockades, have tempered expectations for extreme spikes, with trader sentiment reflecting softer near-term supply risks alongside robust US output and mixed global demand signals from China. Inventory draws highlighted in the latest EIA data continue to support prices, while OPEC+ quota adjustments and upcoming EIA weekly reports could introduce further volatility. Market-implied odds embed these fundamentals, pricing in a balance between persistent geopolitical uncertainty and improving physical balances as flows potentially normalize later in the month.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$18,278,482 Vol.
↑ $200
1%
↑ $150
2%
↑ $140
3%
↑ $130
10%
↑ $120
22%
↑ $115
35%
↑ $110
58%
↑ $105
83%
↓ $95
60%
↓ $90
38%
↓ $85
20%
↓ $80
10%
↓ $70
3%
↓ $60
1%
↓ $40
<1%
↓ $20
<1%
↓ $50
1%
↓ $30
<1%
$18,278,482 Vol.
↑ $200
1%
↑ $150
2%
↑ $140
3%
↑ $130
10%
↑ $120
22%
↑ $115
35%
↑ $110
58%
↑ $105
83%
↓ $95
60%
↓ $90
38%
↓ $85
20%
↓ $80
10%
↓ $70
3%
↓ $60
1%
↓ $40
<1%
↓ $20
<1%
↓ $50
1%
↓ $30
<1%
Prices will be used exactly as published by Pyth, without rounding.
If the Active Month contract does not trade at all during the listed time frame, this market will resolve to "No".
Only prices achieved during the applicable trading session for the underlying market will be considered. Under the standard schedule, trading is open from 6:00:00 PM ET Sunday through 5:00:00 PM ET Friday, with a daily break from 5:00:00 PM ET to 6:00:00 PM ET, except where modified by holiday or special-session hours.
Per CME contract specifications for WTI Crude Oil (CL) futures, a contract’s last trading day is three business days prior to the 25th calendar day of the month preceding the contract's delivery month (or four business days prior if the 25th calendar day is not a business day).
The active month changes at the start of the second trading session prior to the nearest listed contract’s last trading session. At that point, the next listed contract becomes the active month (i.e., for the final three trading sessions of the nearest listed contract, the contract for the next month is the active month). The trading session for a given business day typically begins at 6:00 PM ET on the prior calendar date.
For example, if the 25th of the month is a Saturday, the last trading session for the nearest listed contract is the session for Tuesday the 21st, and the next listed contract becomes the active month at the start of the trading session for Friday the 17th (6:00 PM ET on Thursday), assuming a standard trading calendar.
If the relevant Pyth data is unavailable due to a system outage, data failure, or other technical disruption that prevents verification of the required 1-minute candle data, the official daily high price published for the Active Month WTI Crude Oil (CL) futures contract by CME Group may be used to determine whether the listed price was reached during the applicable trading session.
In the event of a contract specification change, feed change, or similar structural modification affecting the underlying market during the listed time frame, this market will resolve based on adjusted prices as displayed on Pyth.
The resolution source for this market is Pyth — specifically, the Active Month WTI Crude Oil futures "High" prices available at https://pythdata.app/explore?search=WTI, with the chart settings configured for 1-minute candles. Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
Market Opened: May 1, 2026, 9:49 AM ET
Resolution Source
https://pythdata.app/explore?search=WTIResolver
0x65070BE91...Prices will be used exactly as published by Pyth, without rounding.
If the Active Month contract does not trade at all during the listed time frame, this market will resolve to "No".
Only prices achieved during the applicable trading session for the underlying market will be considered. Under the standard schedule, trading is open from 6:00:00 PM ET Sunday through 5:00:00 PM ET Friday, with a daily break from 5:00:00 PM ET to 6:00:00 PM ET, except where modified by holiday or special-session hours.
Per CME contract specifications for WTI Crude Oil (CL) futures, a contract’s last trading day is three business days prior to the 25th calendar day of the month preceding the contract's delivery month (or four business days prior if the 25th calendar day is not a business day).
The active month changes at the start of the second trading session prior to the nearest listed contract’s last trading session. At that point, the next listed contract becomes the active month (i.e., for the final three trading sessions of the nearest listed contract, the contract for the next month is the active month). The trading session for a given business day typically begins at 6:00 PM ET on the prior calendar date.
For example, if the 25th of the month is a Saturday, the last trading session for the nearest listed contract is the session for Tuesday the 21st, and the next listed contract becomes the active month at the start of the trading session for Friday the 17th (6:00 PM ET on Thursday), assuming a standard trading calendar.
If the relevant Pyth data is unavailable due to a system outage, data failure, or other technical disruption that prevents verification of the required 1-minute candle data, the official daily high price published for the Active Month WTI Crude Oil (CL) futures contract by CME Group may be used to determine whether the listed price was reached during the applicable trading session.
In the event of a contract specification change, feed change, or similar structural modification affecting the underlying market during the listed time frame, this market will resolve based on adjusted prices as displayed on Pyth.
The resolution source for this market is Pyth — specifically, the Active Month WTI Crude Oil futures "High" prices available at https://pythdata.app/explore?search=WTI, with the chart settings configured for 1-minute candles. Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
Resolution Source
https://pythdata.app/explore?search=WTIResolver
0x65070BE91...Geopolitical tensions in the Middle East, particularly US-Iran frictions and disruptions to shipping through the Strait of Hormuz, remain the dominant driver of WTI crude oil prices in May 2026, pushing spot levels above $100 per barrel amid elevated risk premiums. Recent de-escalation signals, including proposals to reopen the strait and ease port blockades, have tempered expectations for extreme spikes, with trader sentiment reflecting softer near-term supply risks alongside robust US output and mixed global demand signals from China. Inventory draws highlighted in the latest EIA data continue to support prices, while OPEC+ quota adjustments and upcoming EIA weekly reports could introduce further volatility. Market-implied odds embed these fundamentals, pricing in a balance between persistent geopolitical uncertainty and improving physical balances as flows potentially normalize later in the month.
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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