Crude Oil all time high by...?
- Will Crude Oil reach a new all-time high by September 30?4¢
- Will Crude Oil reach a new all-time high by December 31?12¢
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.
Crude oil prices have pulled back sharply in mid-August 2026, with WTI front-month futures trading near $81 per barrel after earlier spikes above $100 driven by the U.S.-Iran conflict and temporary Strait of Hormuz disruptions earlier in the year. This remains well below the $147.27 all-time high set in 2008, reflecting supply rebalancing as Persian Gulf output recovers and global inventories stabilize. Trader sentiment hinges on persistent geopolitical risks in the Middle East, OPEC+ production decisions, and demand trends amid slowing Chinese growth and resilient U.S. shale output. Key near-term catalysts include weekly EIA inventory data, any renewed Hormuz tensions, and broader macroeconomic signals from Treasury yields and the U.S. dollar that influence risk appetite in energy markets.