PolymarketMacro / FedDevelopingUpdated 7m ago

Will Crude Oil reach a new all-time high by December 31?

As of Oct 27, 2026, 10:41 AM ET, Polymarket priced this market at 13.5% (little changed over 24 hours). It had $43.4K traded in the past 24 hours, $106.9K of order-book liquidity and a bid-ask spread of 1.0 pts. probcast.co rates the support behind this price as moderate.

Market probability
13.5%
Little changed over 24 hours

Thin market where small orders can move the price, with broad trading across many accounts.

Price historyPolymarket

Source: Polymarket price history

How credible was the move?

Methodology →

Move validity

Moderate

Consensus stability

Stable

Contract clarity

High

Can you trust this price?

Two different questions: how hard the price is to move, and whose trading set it.

Market capacity

How hard is it to move this price?

ThinTight spread

Order-book liquidity

$106.9K

Bid-ask spread

1.0 pts

24h volume

$43.4K

Total volume

$2.1M

Little money on the book — a modest order can move this price, so treat swings with care.

Who's trading

Whose opinion is this price?

Broad participation
25%of the traded money came from the single largest account

Accounts

88

Trades

200

over 6 days

Largest order

$4.2K

$16.6K traded across these 200 trades (last 6 days).

Many independent accounts traded — the price reflects a crowd, not one trader.

Recent trade activity$16.6K traded

From the latest trade tape (most recent 200 prints) — a live activity sample, not a lifetime total.

What this market actually measures

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".

This summary shows the opening of the venue's official rules. ProbCast has not yet generated an independent plain-English interpretation for this contract — review the full rules before relying on it.

View full official resolution rules

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. If finalized data for the final trading day of the specified time period has not been published on the CME Group website within 14 calendar days (ET) of the end of that period, this market will resolve based on the data published through all CME Group channels up to that point.

Resolution source: cmegroup.com

What could move this market next?

  • The market's deadline arrivesDecember 31, 2026 at 11:59 PM ET

    The contract must resolve based on what has happened by this date.

  • Confirmation at the resolution source (cmegroup.com)

    The rules name this source as the basis for settlement.

Derived from the contract's own mechanics as of Oct 27, 10:48 AM ET. ProbCast does not list scheduled meetings, announcements, or data releases it cannot verify.

Advanced analysis (experimental)

Research signals — these models are still accumulating the history needed for full validation, and they can disagree with the headline read. Model confidence: low · expected error ±17 pts.

Quote-drivenLegacy movement classifier: watch

What's happening

medium classifier confidence
Quote-driven

A tight, deep, quote-driven book with little executed flow. The price is stable but reflects resting quotes more than active trading.

  • Tight spread on a liquid, calm market

Read the latest price with caution; conditions make it an unreliable summary right now.

More details — reliability score, dynamics, durability
Reliability score
36Low
Where the price path tends to go next1457 observed
  • Choppy / mean-reverting98%

Short-term motion of the price line (~1h), distinct from the environment above — not a prediction of the final outcome.

DurabilityHigh· half-life ~10h
PredictabilityElevated irreducibility

Secondary read: leaning toward Thin market.

A read-only classification of the market environment — how much weight the current price deserves as a read of consensus. It describes conditions, never a trade.

Change (pts)1H0.06H+1.024H0.07D0.0

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