WTI crude oil prices surged above $102 per barrel during the week of May 11, 2026, driven primarily by escalating U.S.-Iran tensions and supply disruption risks in the Strait of Hormuz, amplifying trader fears of a global supply plunge estimated by the IEA at 3.9 million barrels per day for 2026. The EIA's May 13 report revealed a larger-than-expected crude inventory draw of 4.3 million barrels for the week ended May 8, leaving stocks at 457.2 million barrels, just 1% above the five-year average. OPEC concurrently slashed its 2026 demand growth forecast to 1.17 million bpd amid war-related output cuts exceeding 9.7 million bpd from members. With prices ranging from $98 on May 11 to highs near $103 by May 13, traders eye next week's EIA data on May 20 and further geopolitical developments for resolution cues.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$95,100 Vol.
↑ $125
2%
↑ $120
2%
↑ $115
2%
↑ $110
5%
↑ $105
23%
↓ $90
8%
↓ $85
2%
↓ $80
3%
↓ $75
2%
↓ $70
1%
↓ $65
<1%
↓ $60
<1%
$95,100 Vol.
↑ $125
2%
↑ $120
2%
↑ $115
2%
↑ $110
5%
↑ $105
23%
↓ $90
8%
↓ $85
2%
↓ $80
3%
↓ $75
2%
↓ $70
1%
↓ $65
<1%
↓ $60
<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 low 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 "Low" 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 9, 2026, 1:29 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 low 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 "Low" 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...WTI crude oil prices surged above $102 per barrel during the week of May 11, 2026, driven primarily by escalating U.S.-Iran tensions and supply disruption risks in the Strait of Hormuz, amplifying trader fears of a global supply plunge estimated by the IEA at 3.9 million barrels per day for 2026. The EIA's May 13 report revealed a larger-than-expected crude inventory draw of 4.3 million barrels for the week ended May 8, leaving stocks at 457.2 million barrels, just 1% above the five-year average. OPEC concurrently slashed its 2026 demand growth forecast to 1.17 million bpd amid war-related output cuts exceeding 9.7 million bpd from members. With prices ranging from $98 on May 11 to highs near $103 by May 13, traders eye next week's EIA data on May 20 and further geopolitical developments for resolution cues.
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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