**Current WTI crude futures near $82 per barrel and Brent around $87–88 remain far below the $147.27 all-time high set in July 2008, with 52-week peaks near $119.** Persistent Middle East supply constraints, including limited Strait of Hormuz transit tied to U.S.-Iran tensions, have produced sharp inventory draws and short-term market deficits, supporting prices well above year-ago levels. However, weaker global demand—especially subdued Chinese refinery runs and consumption—combined with expectations of recovering Middle East output and robust non-OPEC supply growth are capping upside. Analyst forecasts point to averages in the $80–85 range for late 2026 before further moderation in 2027 as balances shift toward surplus. Key near-term catalysts include weekly U.S. inventory data, any diplomatic progress on Hormuz flows, and OPEC+ production decisions, all of which would need to generate sustained, extreme tightness to close the wide gap to historical highs by year-end.
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...?
$2,814,014 Vol.
September 30
2%
December 31
13%
$2,814,014 Vol.
September 30
2%
December 31
13%
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...**Current WTI crude futures near $82 per barrel and Brent around $87–88 remain far below the $147.27 all-time high set in July 2008, with 52-week peaks near $119.** Persistent Middle East supply constraints, including limited Strait of Hormuz transit tied to U.S.-Iran tensions, have produced sharp inventory draws and short-term market deficits, supporting prices well above year-ago levels. However, weaker global demand—especially subdued Chinese refinery runs and consumption—combined with expectations of recovering Middle East output and robust non-OPEC supply growth are capping upside. Analyst forecasts point to averages in the $80–85 range for late 2026 before further moderation in 2027 as balances shift toward surplus. Key near-term catalysts include weekly U.S. inventory data, any diplomatic progress on Hormuz flows, and OPEC+ production decisions, all of which would need to generate sustained, extreme tightness to close the wide gap to historical highs by year-end.
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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