WTI crude oil prices hover around $96 per barrel for May futures following a volatile week capped by a 13-16% plunge on April 8 after the U.S.-Iran ceasefire announcement eased fears of prolonged Middle East supply disruptions via the Strait of Hormuz. This reversal from early-April highs near $117 reflects trader relief, though the truce remains fragile amid ongoing tensions. Bearish pressures mount from OPEC+'s decision to boost output by 206,000 barrels per day starting this month and the latest EIA data showing a 3.1 million-barrel inventory build to 464.7 million barrels for the week ending April 3, exceeding expectations. Soft global demand growth forecasts from the IEA further temper upside, with traders eyeing today's EIA report and April 5 OPEC+ review for resolution catalysts through month-end.
Experimental AI-generated summary referencing Polymarket data. This is not trading advice and plays no role in how this market resolves. · Updated$21,985,396 Vol.
↑ $200
1%
↑ $170
2%
↑ $160
3%
↑ $150
4%
↑ $140
8%
↑ $130
14%
↑ $125
16%
↑ $120
23%
↑ $115
31%
↑ $110
45%
↑ $105
56%
↓ $95
91%
↓ $90
77%
↓ $85
60%
↓ $80
36%
↓ $75
18%
↓ $70
9%
↓ $60
2%
↓ $50
1%
↓ $40
1%
↓ $30
<1%
↓ $20
<1%
$21,985,396 Vol.
↑ $200
1%
↑ $170
2%
↑ $160
3%
↑ $150
4%
↑ $140
8%
↑ $130
14%
↑ $125
16%
↑ $120
23%
↑ $115
31%
↑ $110
45%
↑ $105
56%
↓ $95
91%
↓ $90
77%
↓ $85
60%
↓ $80
36%
↓ $75
18%
↓ $70
9%
↓ $60
2%
↓ $50
1%
↓ $40
1%
↓ $30
<1%
↓ $20
<1%
For WTI futures, the active month refers to the nearest listed contract month. The active month changes at 6:00:00 PM ET at the start of the trading session two business days prior to that contract's last trading day, at which point the next listed contract becomes the active month.
For WTI Crude Oil (CL) futures, the last trading day is defined as three business days prior to the 25th calendar day of the month preceding the contract's delivery month (or four business days prior if the 25th calendar day is not a business day), consistent with CME contract specifications.
Only prices achieved during the applicable trading session for the underlying market will be considered. Under the standard schedule, trading is open from 6:00:00 PM ET Sunday through 5:00:00 PM ET Friday, with a daily break from 5:00:00 PM ET to 6:00:00 PM ET, except where modified by holiday or special-session hours as listed on Pyth.
Prices will be used exactly as published by Pyth, without rounding.
If the Active Month contract does not trade at all during the listed time frame, this market will resolve to "No".
In the event of a contract specification change, feed change, or similar structural modification affecting the underlying market during the listed time frame, this market will resolve based on adjusted prices as displayed on Pyth.
The resolution source for this market is Pyth — specifically, the Active Month WTI Crude Oil futures "Low" prices available at https://pythdata.app/explore?search=WTI, with the chart settings configured for 1-minute candles.
Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
If the relevant Pyth data is unavailable due to a system outage, data failure, or other technical disruption that prevents verification of the required 1-minute candle data, the official daily low price published for the Active Month WTI Crude Oil (CL) futures contract by CME Group may be used to determine whether the listed price was reached during the applicable trading session.
Market Opened: Apr 9, 2026, 1:24 PM ET
Resolution Source
https://pythdata.app/exploreResolver
0x65070BE91...For WTI futures, the active month refers to the nearest listed contract month. The active month changes at 6:00:00 PM ET at the start of the trading session two business days prior to that contract's last trading day, at which point the next listed contract becomes the active month.
For WTI Crude Oil (CL) futures, the last trading day is defined as three business days prior to the 25th calendar day of the month preceding the contract's delivery month (or four business days prior if the 25th calendar day is not a business day), consistent with CME contract specifications.
Only prices achieved during the applicable trading session for the underlying market will be considered. Under the standard schedule, trading is open from 6:00:00 PM ET Sunday through 5:00:00 PM ET Friday, with a daily break from 5:00:00 PM ET to 6:00:00 PM ET, except where modified by holiday or special-session hours as listed on Pyth.
Prices will be used exactly as published by Pyth, without rounding.
If the Active Month contract does not trade at all during the listed time frame, this market will resolve to "No".
In the event of a contract specification change, feed change, or similar structural modification affecting the underlying market during the listed time frame, this market will resolve based on adjusted prices as displayed on Pyth.
The resolution source for this market is Pyth — specifically, the Active Month WTI Crude Oil futures "Low" prices available at https://pythdata.app/explore?search=WTI, with the chart settings configured for 1-minute candles.
Historical 1-minute candles may be accessed by appending a Unix timestamp (seconds) to the Pyth chart URL using the "t=" parameter.
If the relevant Pyth data is unavailable due to a system outage, data failure, or other technical disruption that prevents verification of the required 1-minute candle data, the official daily low price published for the Active Month WTI Crude Oil (CL) futures contract by CME Group may be used to determine whether the listed price was reached during the applicable trading session.
Resolution Source
https://pythdata.app/exploreResolver
0x65070BE91...WTI crude oil prices hover around $96 per barrel for May futures following a volatile week capped by a 13-16% plunge on April 8 after the U.S.-Iran ceasefire announcement eased fears of prolonged Middle East supply disruptions via the Strait of Hormuz. This reversal from early-April highs near $117 reflects trader relief, though the truce remains fragile amid ongoing tensions. Bearish pressures mount from OPEC+'s decision to boost output by 206,000 barrels per day starting this month and the latest EIA data showing a 3.1 million-barrel inventory build to 464.7 million barrels for the week ending April 3, exceeding expectations. Soft global demand growth forecasts from the IEA further temper upside, with traders eyeing today's EIA report and April 5 OPEC+ review for resolution catalysts through month-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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