Crude Oil all time high by April 30?

Prediction market · Polymarket

Overview

This market will resolve to "Yes" if, on any trading day, 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 of April 2026. 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 April 2026 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.

Ticker

crude-oil-all-time-high-by-april-30

Volume

97.9K

24h volume

18.2K

1w volume

97.8K

Open interest

46.6K

Liquidity

20.5K

Liquidity CLOB

20.5K

Start

Mar 31, 2026

End

Apr 30, 2026

Status

Active

Access

Restricted

Created

Mar 31, 2026

Event ID

326864

Slug

crude-oil-all-time-high-by-april-30

Markets

1

Raw event data
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    "context_description": "Trader consensus on Polymarket prices a mere 7% implied probability for crude oil—likely benchmarked to WTI or Brent—reaching its ~$147 all-time high by April 30, reflecting strong conviction in the \"No\" outcome at 93%. Current spot prices linger around $110 per barrel, up sharply from March lows amid escalating Middle East tensions including Iran-related disruptions and Hormuz Strait risks that drove a 30%+ rally since early March, yet still requiring an improbable 35% surge in under three weeks. Supporting factors include EIA's Q2 2026 Brent forecast peaking at $115/bbl, robust non-OPEC supply growth, and softening global demand amid economic slowdown signals. Realistic challenges: sudden Strait closure or OPEC+ cuts, though trader capital overwhelmingly dismisses these as low-probability tail risks ahead of weekly inventory data.",
    "context_requires_regen": false,
    "context_updated_at": "2026-04-08T01:07:04.144Z"
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