Will Crude Oil reach a new all-time high by September 30?
As of July 28, 2026, the market gives “Will Crude Oil reach a new all-time high by September 30?” a 95% chance of NO.
| YES odds | 5% |
|---|---|
| NO odds | 95% |
| Volume | $744,740 |
| Closes | September 30, 2026 |
Updated July 28, 2026 · Live data from Polymarket
About this market
Geopolitical tensions in the Middle East, including military actions starting in late February 2026 and the resulting near-closure of the Strait of Hormuz, drove sharp crude oil price spikes earlier this year, with Brent briefly approaching $120 per barrel amid regional production shut-ins. Prices have since moderated to the mid-$70s for WTI and upper-$70s for Brent as of mid-June amid reports of potential ceasefires and gradual supply resumption. Low global inventories provide some support, yet forecasts point to growing surpluses from non-OPEC output and softer demand growth through the rest of 2026. Key upcoming factors include any finalization of Hormuz reopening, OPEC+ production decisions, and broader economic data that could influence risk premiums or consumption.