Geopolitical tensions stemming from the U.S.-Iran conflict and the effective closure of the Strait of Hormuz remain the dominant driver of WTI crude prices in May 2026, with supply disruptions cutting Gulf exports by an estimated 14 million barrels per day since February and pushing futures into steep backwardation. Recent EIA data show rapid inventory draws of roughly 4 million barrels per day in the second quarter, the fastest pace outside pandemic conditions, while OPEC+ output has fallen to historic lows amid voluntary and involuntary curtailments. This risk premium has lifted WTI above $100 per barrel in recent sessions despite softening global demand signals and rising U.S. exports providing some offset. Traders are monitoring the June OPEC+ meeting and weekly petroleum status reports for clues on quota adjustments or further supply responses, with futures curves pricing in potential moderation later in the year if flows gradually resume.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$18,993,877 Vol.
↑ $200
1%
↑ $150
2%
↑ $140
4%
↑ $130
13%
↑ $120
26%
↑ $115
38%
↑ $110
59%
↑ $105
83%
↓ $95
53%
↓ $90
29%
↓ $85
16%
↓ $80
8%
↓ $70
2%
↓ $60
1%
↓ $40
<1%
↓ $20
<1%
↓ $50
<1%
↓ $30
<1%
$18,993,877 Vol.
↑ $200
1%
↑ $150
2%
↑ $140
4%
↑ $130
13%
↑ $120
26%
↑ $115
38%
↑ $110
59%
↑ $105
83%
↓ $95
53%
↓ $90
29%
↓ $85
16%
↓ $80
8%
↓ $70
2%
↓ $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: Apr 30, 2026, 6:39 PM 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 stemming from the U.S.-Iran conflict and the effective closure of the Strait of Hormuz remain the dominant driver of WTI crude prices in May 2026, with supply disruptions cutting Gulf exports by an estimated 14 million barrels per day since February and pushing futures into steep backwardation. Recent EIA data show rapid inventory draws of roughly 4 million barrels per day in the second quarter, the fastest pace outside pandemic conditions, while OPEC+ output has fallen to historic lows amid voluntary and involuntary curtailments. This risk premium has lifted WTI above $100 per barrel in recent sessions despite softening global demand signals and rising U.S. exports providing some offset. Traders are monitoring the June OPEC+ meeting and weekly petroleum status reports for clues on quota adjustments or further supply responses, with futures curves pricing in potential moderation later in the year if flows gradually resume.
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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