{"id":4195,"date":"2026-05-01T19:46:13","date_gmt":"2026-05-01T19:46:13","guid":{"rendered":"https:\/\/www.finznest.com\/blog\/kalshi-traders-think-u-s-oil-prices-are-set-to-hit-new-2026-highs\/"},"modified":"2026-05-01T19:46:13","modified_gmt":"2026-05-01T19:46:13","slug":"kalshi-traders-think-u-s-oil-prices-are-set-to-hit-new-2026-highs","status":"publish","type":"post","link":"https:\/\/www.finznest.com\/blog\/kalshi-traders-think-u-s-oil-prices-are-set-to-hit-new-2026-highs\/","title":{"rendered":"Kalshi traders think U.S. oil prices are set to hit new 2026 highs"},"content":{"rendered":"<div id=\"RegularArticle-ArticleBody-5\" data-module=\"ArticleBody\" data-test=\"articleBody-2\" data-analytics=\"RegularArticle-articleBody-5-2\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-108300126\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Gas prices over $6.00 are displayed at a Shell station across from the Marathon Petroleum Corp&#8217;s Los Angeles Refinery on April 02, 2026 in Carson, California. <\/p>\n<p>Justin Sullivan | Getty Images News | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\">Western Texas Intermediate crude futures<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> haven&#8217;t hit their highs in 2026 yet, according to traders on Kalshi.\u00a0<\/p>\n<p>Users on the prediction markets platform think that there&#8217;s a more than 50% chance 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.\u00a0<\/p>\n<p>Traders also estimate there&#8217;s a 63% chance that prices will cross $120 per barrel.\u00a0<\/p>\n<p>While WTI prices remain off their highs from before the U.S. and Iran announced a ceasefire to the war in the Middle East, they&#8217;re considerably higher than their lows of $82.59 on April 17. <\/p>\n<\/div>\n<div class=\"group\">\n<p>Prices are above again $100, and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-4\">Brent crude<span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> prices hit a new post-war high this week.\u00a0However, oil prices retreated on Friday after Iran sent a revised peace proposal to the U.S., though President Donald Trump said he&#8217;s not satisfied with the country&#8217;s proposals. <\/p>\n<p>Some of the post-ceasefire decline in WTI oil prices has been reversed as there&#8217;s no clear path to Iran reopening the Strait of Hormuz nor to the U.S. ending its naval blockade of the passageway.\u00a0<\/p>\n<p>While traders think the highs in oil prices haven&#8217;t been hit this year, the range they think prices will trade has shrunk. In early April, before the ceasefire, traders thought there was a more than 50% chance prices traded above $150 per barrel. Traders now place just a 26% chance of that happening. <\/p>\n<p><em>Disclosure: CNBC and Kalshi have a commercial relationship that includes a CNBC minority investment.<\/em><\/p>\n<p><em>Markets shift and headlines fade, but the core principles of building long-term wealth remain constant. Join us for our third CNBC Pro LIVE, where investors of all backgrounds &#8211; from financial professionals to everyday individuals &#8211; come together to cut through the noise and gain actionable strategies for smarter, more disciplined investing. No matter where you&#8217;re starting from, you&#8217;ll leave with clearer thinking, stronger strategies. Enter your email <\/em><em>here<\/em><em> to get a discount code<\/em><\/p>\n<\/div>\n<div class=\"ArticleBody-googlePreferredSourceContainer\" data-module=\"GooglePreferredSource\" data-id=\"RegularArticle-GooglePreferredSource-5\">Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gas prices over $6.00 are displayed at a Shell station across from the Marathon Petroleum Corp&#8217;s Los Angeles Refinery on April 02, 2026 in Carson, California. Justin Sullivan | Getty Images News | Getty Images Western Texas Intermediate crude futures haven&#8217;t hit their highs in 2026 yet, according to traders on Kalshi.\u00a0 Users on the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4196,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[380,227,1847,1241,1418,509,1127,556],"class_list":["post-4195","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-highs","tag-hit","tag-kalshi","tag-oil","tag-prices","tag-set","tag-traders","tag-u-s"],"_links":{"self":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/4195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/comments?post=4195"}],"version-history":[{"count":0,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/posts\/4195\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media\/4196"}],"wp:attachment":[{"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/media?parent=4195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/categories?post=4195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finznest.com\/blog\/wp-json\/wp\/v2\/tags?post=4195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}