Kalshi traders predict US oil prices will exceed $125 a barrel
Updated
Updated · CNBC · May 1
Kalshi traders predict US oil prices will exceed $125 a barrel
7 articles · Updated · CNBC · May 1
They put a better-than-even chance on WTI reaching about $127 in 2026 and a 63% chance of topping $120, after prices rebounded above $100.
Brent hit a new post-war high this week, though oil eased on Friday after Iran sent a revised peace proposal that President Donald Trump said was unsatisfactory.
Prices remain below pre-ceasefire peaks, but uncertainty over reopening the Strait of Hormuz and ending the US naval blockade has reversed part of the earlier decline.
Could the UAE's OPEC exit and Iran's new Strait of Hormuz rules permanently reshape global oil power—and what might this mean for future prices?
How might prolonged disruption at the Strait of Hormuz accelerate the global shift towards alternative energy and change the oil market's balance of power?
With global oil supply at historic lows and no quick diplomatic fix in sight, are we on the brink of a recession that could rival past oil crises?