Escalating Middle East tensions, including Houthi attacks on Saudi energy facilities and U.S.-Iran strikes on tankers, have propelled Brent crude near $99 per barrel and WTI above $93 as of early September 2026, marking multi-week highs and an 18% rally from late-August lows. Supply risks tied to the Strait of Hormuz, which handles about 20% of global flows, combined with depleted U.S. Strategic Petroleum Reserve levels and OPEC+ holding October output steady after prior rollbacks, underpin the move. These developments add a geopolitical risk premium amid already tight inventories, though prices remain well below the 2008 all-time high near $147. Key near-term catalysts include upcoming U.S. CPI data, Federal Reserve policy decisions, and any further escalation or de-escalation in the region that could shift trader positioning on energy benchmarks.
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...?
$3,360,558 Vol.
September 30
2%
December 31
11%
$3,360,558 Vol.
September 30
2%
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...Escalating Middle East tensions, including Houthi attacks on Saudi energy facilities and U.S.-Iran strikes on tankers, have propelled Brent crude near $99 per barrel and WTI above $93 as of early September 2026, marking multi-week highs and an 18% rally from late-August lows. Supply risks tied to the Strait of Hormuz, which handles about 20% of global flows, combined with depleted U.S. Strategic Petroleum Reserve levels and OPEC+ holding October output steady after prior rollbacks, underpin the move. These developments add a geopolitical risk premium amid already tight inventories, though prices remain well below the 2008 all-time high near $147. Key near-term catalysts include upcoming U.S. CPI data, Federal Reserve policy decisions, and any further escalation or de-escalation in the region that could shift trader positioning on energy benchmarks.
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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