“U.S. oil prices will exceed Iran wartime high to above $125 as conflict drags on, Kalshi traders say” [May 1 2026]

“Western Texas Intermediate crude futures haven’t hit their highs in 2026 yet, according to traders on Kalshi. 

Users on the prediction markets platform think that there’s a more than 50% chances that prices will reach nearly $127 per barrel this year, far higher than the current closing high of nearly $113 per barrel on April 7. 

Traders also estimate there’s a 63% chance that prices will cross $120 per barrel…”

https://www.cnbc.com/2026/05/01/kalshi-traders-think-us-oil-prices-are-set-to-hit-new-2026-highs.html

We can look back and see these numbers were not hit. Thankfully oil did not go that high.