TOTAL VOLUME:
$154.4b
24H VOL:
$245,801,863
24H TRANSACTIONS:
2,984,028,936
OPEN INTEREST:
$1,902,097,102
417,059
Markets across
40,178
events
MATCHED EVENTS:
4,415
PLATFORM COVERAGE:
5
Polymarket:
37%
VS.
Kalshi:
63%
Closed: Oct 28, 10:29 AM EST
Kalshi
This event tracks U.S. commercial crude oil inventory levels for a specific week, focusing on whether stocks exceed various thresholds. The data comes from an official government agency report, providing insight into supply conditions and potential market impacts.
All markets resolve based on whether U.S. commercial crude oil inventories for the week ending October 23, 2026, exceed specified thresholds, ranging from 406 to 418 million barrels. The underlying data source is the U.S. Energy Information Administration (EIA), which reports inventory levels excluding crude oil held in the Strategic Petroleum Reserve. The EIA reports the statistic in thousand barrels, which is converted directly to millions of barrels for market resolution. Only the first EIA publication for the specified week is used; subsequent revisions do not affect the outcome. Each market has a unique threshold, and resolution depends on whether the reported inventory level is strictly above that threshold.
Currently, prediction market odds often reflect a different perspective than traditional analyst forecasts. While analysts frequently rely on models and historical data, this market incorporates a wider range of information and real-time sentiment. Discrepancies can arise due to factors not easily quantifiable in traditional analysis, such as geopolitical risks or unexpected supply disruptions. It’s common to see this market anticipating changes before they are fully reflected in consensus analyst estimates, offering a potentially leading indicator of market expectations.
On Kalshi, this market is priced using a continuous double auction, where traders buy and sell contracts representing different possible inventory levels. The price of each contract reflects the probability of that outcome occurring, as determined by supply and demand. On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. As more traders participate, the prices converge to reflect the collective wisdom of the crowd. This dynamic pricing mechanism allows for real-time adjustments based on new information and changing market sentiment, making it a responsive indicator of expectations.
This market resolves around Nov 4, 2026, with the outcome confirmed once the official US crude oil inventories data for the week ending October 23, 2026, is verifiable from credible public reporting. The resolution will be based on the figures released by the Energy Information Administration (EIA), which are widely considered the standard for US oil inventory data. Traders will then be paid out based on whether their chosen outcome aligned with the reported inventory level.
Several signals and events could significantly impact this market. Unexpected geopolitical events in oil-producing regions, such as conflicts or political instability, would likely cause price fluctuations. Major economic data releases, particularly those related to global demand, could also influence trading activity. Furthermore, any significant changes in OPEC+ production policy or unexpected disruptions to US oil production, like hurricanes impacting Gulf Coast refineries, could move this market substantially before Nov 4, 2026.