Will WTI Crude Oil (WTI) hit (LOW) $10 in July?

🗂 Part of event: What will WTI Crude Oil (WTI) hit in July 2026? →

0¢Yes

0% 1 pts all-time

Yes

0¢

100¢

💡 What the odds say

The market puts this at about a 0% chance — almost no chance.

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AI overview· Updated Jul 6, 2026

Despite a flood of Iranian oil and easing geopolitical tensions driving crude to four-month lows, the market assigns zero probability to a collapse to $10—a price last seen during the 2020 COVID crash and far below current production costs and OPEC+ floor.

What's driving it

• Oil prices hit a four-month low as US-Iran talks eased supply fears and Hormuz flows returned (MSN, Jul 3; Reuters, Jun 26).
• Production surges and the release of 150 million barrels of Iranian oil have pushed prices back to pre-war levels (FXEmpire, Jul 2; 24/7 Wall St., Jun 29).
• The market sees these supply increases as temporary and insufficient to breach the $10 threshold, which would require a demand collapse or storage crisis not indicated by any recent headline.

The case for YES

• A sudden global recession or pandemic-like demand shock could crash prices below production costs, but no such event is mentioned in recent headlines.
• If OPEC+ abandons production discipline and a price war erupts simultaneously with a full Iranian return, prices could theoretically overshoot to $10, but no headlines suggest this.
• A catastrophic failure of the financial system or a major pipeline/refinery outage that forces forced selling into a glut could trigger a brief flash crash to $10, though such a scenario is not supported by current data.

The case for NO

• Even with Iranian oil flooding the market and prices at four-month lows, WTI remains above $60—far from $10—and production costs for most shale and conventional wells are above $30 (implied by market structure).
• OPEC+ has shown willingness to cut output to defend prices, as seen in past interventions, and no headline indicates a breakdown of that agreement.
• The resolution requires a 1-minute candle hitting exactly $10 or below during a trading session; given current volatility and price levels, a move of that magnitude would require an unprecedented catalyst not present in any recent news.

What to watch

• OPEC+ monthly meeting on July 15–16: any surprise decision to increase production further could push prices lower, but still not to $10 (direction: lower, but negligible for $10).
• US-Iran nuclear deal finalization (expected late July): if it removes all sanctions and allows full Iranian exports, it could add further supply pressure, but the market has already priced in much of this (direction: lower, but still far from $10).
• Weekly EIA crude inventory reports (every Wednesday in July): a massive unexpected build could accelerate the decline, but even a record build would not bring prices to $10 without a demand collapse (direction: lower, but minimal impact on $10 probability).

AI-generated · grounded in recent news + odds · informational only, not advice. Verify on the source platform.

StatusOpen

ClosesAug 1, 2026 · 5d

Total volume$62.7K

Liquidity

Data from Polymarket’s public API, for informational purposes only. PredictPal is not affiliated with any platform and does not facilitate trading.

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How it resolves

Optimistic oracleSettled by UMA's optimistic oracle

Settled on-chain by UMA's optimistic oracle: once an outcome is clear, anyone can propose the result, which then enters a challenge window where it can be disputed with evidence before it finalizes.

⚖️ A proposed outcome can be disputed during a challenge window before it's final.

Closes Aug 1, 2026 (5d)

Resolution criteria

This market will resolve to "Yes" if, at any point after market creation and during a trading session of July 2026, any 1-minute candle for the Active Month of WTI Crude Oil futures has a final "High" or "Low" price equal to or beyond (above for ↑ High Prices, below for ↓ Low Prices) the listed price. Otherwise, this market will resolve to "No". 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". Only prices achieved during an applicable trading session of the specified timeframe's business days will be considered. The trading session for a given business day typically begins at 6:00 PM ET on the prior calendar date. 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. The active month changes at the start of the second trading session prior to the nearest listed contract's last trading session. At that point, the next listed contract becomes the active month (i.e., for the final three trading sessions of the nearest listed contract, the contract for the next month is the active month). Per CME contract specifications for WTI Crude Oil (CL) futures, a contract's last trading day is three business days prior to the 25th calendar day of the month preceding the contract's delivery month (or four business days prior if the 25th calendar day is not a business day). For example, if the 25th of the month is a Saturday, the last trading session for the nearest listed contract is the session for Tuesday the 21st, and the next listed contract becomes the active month at the start of the trading session for Friday the 17th (6:00 PM ET on Thursday), assuming a standard trading calendar. 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/low 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. 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" and "Low" 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.