Recent geopolitical tensions in the Middle East, including Houthi attacks on Saudi energy facilities and U.S. strikes on Iranian tankers, have driven WTI crude above $94 per barrel and Brent near $98 as of early September 2026, marking three-month highs amid concerns over Strait of Hormuz transit disruptions. These supply risks contrast with softer global demand, particularly subdued Chinese refining activity and inventory levels, alongside OPEC+ production quota stability. The all-time high remains $147 from July 2008, well above current levels, with trader focus on whether persistent regional instability can overcome demand headwinds and any potential de-escalation or inventory builds. Key near-term catalysts include further diplomatic developments on Hormuz flows and upcoming inventory reports.
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...?
$3,349,944 Vol.
September 30
1%
December 31
11%
$3,349,944 Vol.
September 30
1%
December 31
11%
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 Houthi attacks on Saudi energy facilities and U.S. strikes on Iranian tankers, have driven WTI crude above $94 per barrel and Brent near $98 as of early September 2026, marking three-month highs amid concerns over Strait of Hormuz transit disruptions. These supply risks contrast with softer global demand, particularly subdued Chinese refining activity and inventory levels, alongside OPEC+ production quota stability. The all-time high remains $147 from July 2008, well above current levels, with trader focus on whether persistent regional instability can overcome demand headwinds and any potential de-escalation or inventory builds. Key near-term catalysts include further diplomatic developments on Hormuz flows and upcoming inventory reports.
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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