TOTAL VOLUME:
$134.2b
24H VOL:
$126,590,312
24H TRANSACTIONS:
2,388,728,490
OPEN INTEREST:
$1,439,516,703
404,175
Markets across
30,277
events
MATCHED EVENTS:
2,685
PLATFORM COVERAGE:
5
Polymarket:
39%
VS.
Kalshi:
61%
Closed: Aug 19, 10:29 AM EST
Kalshi
The U.S. Strategic Petroleum Reserve (SPR) serves as a critical energy security tool, storing crude oil to mitigate supply disruptions. Monitoring its levels provides insight into government preparedness and market dynamics. The status of the reserve in mid-2026 will reflect decisions made around releases, refinements, and global supply conditions during the preceding months.
All markets resolve based on the U.S. Energy Information Administration’s Weekly Petroleum Status Report for the week ending August 14, 2026, released Wednesday morning after that week. The determining figure comes from Table 1 of the U.S. Petroleum Balance Sheet, specifically the “Strategic Petroleum Reserve (SPR)” row under the Current Week column. Each market has a distinct threshold between 299 million and 311 million barrels; if the reported SPR exceeds that threshold, the market resolves to Yes. The structure allows for a range of outcome possibilities depending on how high the reserve level is relative to these successive benchmarks.
Compared to traditional analyst forecasts, this market often reflects a more immediate, sentiment-driven view of market participants. While analysts may weigh long-term economic indicators, traders react quickly to news, inventory reports, and geopolitical developments. This can lead to divergence — for example, a spike in trading activity might suggest higher immediate concern about supply disruptions than recent poll averages indicate.
On Kalshi, prices reflect that venue's order book, liquidity, and how traders price the outcome right now. On Kalshi, traders set prices through a continuous order book where buyers and sellers post their bids and offers. The current implied probability reflects the balance of these orders and recent trading volume. Liquidity can vary significantly depending on breaking news or shifts in energy-sector sentiment, influencing how tightly the market price is pinned.
This market resolves around Aug 26, 2026, with the outcome confirmed once the event is verifiable from credible public reporting. Traders will watch official U.S. government announcements and energy-agency disclosures for confirmation of any SPR release actions taken during the specified period. The market settles based on whether the release occurred or not.
Key signals include U.S. Energy Information Administration inventory reports, comments from administration officials on energy policy, geopolitical tensions that affect global oil supply, and unexpected domestic supply disruptions. Any indication of planned SPR drawdowns — even in unrelated contexts — can shift trader sentiment quickly, while reassuring statements or large commercial stockpiles may dampen prices.