Will Crude Oil (CL) hit__ Week of March 16?
Market Description
This market will resolve to "Yes" if, on any trading day between March 16 and March 20, 2026, the official CME settlement price for the Active Month (front month) of Crude Oil (CL) futures is equal to or above the listed price. Otherwise, the 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. 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 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 that 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.
Related News
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The US Treasury Department announced that it was taking steps to further ease sanctions on Russian oil as crude prices surge during the Iran war. The agency said that it was granting a license that authorises the delivery and sale of some sanctioned Russia crude oil and petroleum products.
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Budget airline player InterGlobe Aviation, the parent company of IndiGo, cracked more than 9 per cent during the trading session on Monday to hit new 52-week lows.
Shares of InterGlobe Aviation, the parent company of IndiGo airlines, tumbled more than 8 per cent to hit a 52-week low of ₹4,035 as escalating conflict in West Asia rattled aviation stocks and triggered a spike in global crude oil prices.
Indian stock markets may remain volatile this week as investors track the West Asia conflict and rising crude oil prices. Brent crude has crossed $92 per barrel, raising concerns for the economy. Foreign investors have also pulled out funds, adding pressure on markets already hit by last week’s decline.
The Strait of Hormuz is a key global energy chokepoint, carrying about 20% of world oil trade and major LNG flows. Any disruption can hit global markets, with import-dependent Asian economies like India, China, Japan and South Korea most exposed.