- Will Crude Oil reach a new all-time high by September 30?2¢
- Will Crude Oil reach a new all-time high by December 31?13¢
This market will resolve to "Yes" if, on any trading day after market creation, the official daily high price published by the CME Group for the Active Month (front month) of CME Crude Oil (CL) futures is greater than $147.27 by the final trading day on or before the specified date. Otherwise, this market will resolve to "No". 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.
Geopolitical tensions in the Middle East, including renewed Iran-related hostilities and disruptions through the Strait of Hormuz, have driven extreme oil-price volatility this summer, with Brent spiking to $105 per barrel in July before moderating. As of August 25, 2026, WTI crude trades near $85 per barrel—well below the $147.27 all-time high from 2008—supported by supply shut-ins averaging over 5 million barrels per day but offset by weak global demand forecasts, large U.S. inventory builds, and potential diplomatic de-escalation. EIA and IEA reports highlight constrained 2026 supply alongside contracting consumption, while crack spreads remain elevated. Traders monitor upcoming inventory releases, Hormuz transit data, and any FOMC or OPEC signals for shifts in risk premiums that could influence paths toward historical highs.