Crude oil prices surged to near $100 per barrel for WTI and $105-113 for Brent in late April 2026, posting the largest monthly gain in March amid severe Middle East supply shocks, including Strait of Hormuz disruptions and escalating tensions linked to Iran. These developments, compounded by sanctions boosting U.S. exports to Europe, have tightened global supply despite OPEC+ output hikes totaling nearly 10 million barrels per day recently. However, prices remain well below the 2008 all-time highs of $147 for both benchmarks. EIA forecasts a Q2 peak around $115 before easing on inventory builds and softer demand growth; the OPEC+ May meeting looms as a key catalyst for further production adjustments.
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...?
Crude Oil all time high by...?
May 31
16%
June 30
30%
September 30
60%
December 31
46%
$17 Vol.
May 31
16%
June 30
30%
September 30
60%
December 31
46%
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...Crude oil prices surged to near $100 per barrel for WTI and $105-113 for Brent in late April 2026, posting the largest monthly gain in March amid severe Middle East supply shocks, including Strait of Hormuz disruptions and escalating tensions linked to Iran. These developments, compounded by sanctions boosting U.S. exports to Europe, have tightened global supply despite OPEC+ output hikes totaling nearly 10 million barrels per day recently. However, prices remain well below the 2008 all-time highs of $147 for both benchmarks. EIA forecasts a Q2 peak around $115 before easing on inventory builds and softer demand growth; the OPEC+ May meeting looms as a key catalyst for further production adjustments.
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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