Written by :
Published on :
79% of those betting on crude oil prices in April believe they. will rise above $105. 68% believe the price will rise above $110. Both options were seeing around $100,000 in trading volume at Polymarket. 66% believed the price would be under $95 with more than $230,000 in trading volume.
President Donald Trump on Sunday said the U.S. Navy would “immediately” begin a blockade to stop ships from entering or leaving the Strait of Hormuz, after U.S.-Iran peace talks in Pakistan ended without an agreement.
The president added that he has “instructed our Navy to seek and interdict every vessel in International Waters that has paid a toll to Iran. No one who pays an illegal toll will have safe passage on the high seas.”
Trump also said the U.S. was ready to “finish up” Iran at the “appropriate moment,” stressing that Tehran’s nuclear ambitions were at the core of the failure to end the war.
Face-to-face talks ended earlier Sunday after 21 hours, leaving a fragile two-week ceasefire in doubt.
The current price of Brent Crude Oil as of Sunday morning came in just over $94.
How This Betting Market Works
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 "High" 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 high 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.
- T.C. Jackson, Gambling911.com
