Will Crude Oil (CL) settle at $63-$70 in June?

The 9¢ price reflects an extremely bearish outlook on crude oil, pricing in only a 9% probability that WTI will trade within the $63-$70 range by June 2026, yet this creates a striking asymmetry where a "Yes" resolution would yield 4,993% versus just 48.8% for "No"—suggesting significant mispricing or market skepticism about oil remaining subdued over the next 74 days. The realized volatility of 2,387% and cliff risk index of 10 indicate extreme uncertainty, while the modest $105k daily volume and $5.5M open interest suggest thin liquidity that could amplify price swings if new information arrives at the current rate of 1.9 events per hour. The recent price movement from 8¢ to 9¢ shows marginal upward momentum, but the taker-regime dominance (0.636 score) suggests aggressive selling pressure is keeping the contract deeply discounted.

Resolution rules

This market will resolve according to the official CME settlement price for the Active Month of Crude Oil futures on the final trading day of June 2026. If the reported value falls exactly between two brackets, then this market will resolve to the higher range bracket. If the final trading day of the month is shortened (for example, due to a market-holiday schedule), the official settlement price published for that shortened session will still be used for resolution. If no settlement price is published for that session, the market will use the most recent published settlement for the Active Month during June. 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. Only the Active Month's official settlement price published by CME Group will be considered. Intraday trades, highs, lows, bids, offers, midpoint values, or indicative prices do not count. Note that the settlement price may differ from the last traded price. CME's methodology to determine the settlement price can vary by commodity and contract. Only days during June on which CME publishes an official settlement price for the Active Month will be included. Days without settlement prices (weekends, holidays, or market closures) are ignored. This market will resolve based on the settlement price as it appears on the CME settlement page at the time it is first published for the relevant trading day, regardless of any later corrections or updates. The resolution source for this market is the CME Group website — specifically, the daily "Settlement" price for the Active Month of Crude Oil (CL) futures.

Indicators

Regime

Trade