Will the maximum WTI front month settle price reach $120.01 by Dec 31, 2026?

Prediction markets currently give a 52% probability that Will the maximum WTI front month settle price reach $120.01 by Dec 31, 2026?. This contract trades at 52¢ on Kalshi, closing December 31, 2026. The market is pricing in a 55% probability that WTI front-month crude will touch $120.01 by year-end 2026, but the extremely high realized volatility of 312% and vol ratio of 2.75 suggest significant uncertainty around oil price trajectories over the next 259 days.

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52¢
Bid/Ask 51/57¢·Spread 6¢·Vol $5,495.76·OI $128,941.68·Closes Dec 31, 2026·254d remaining
KXWTIMAX-26DEC31-T120
7-day price498 snapshots · 106 regime
80¢51¢ current
Apr 826¢Apr 21

Analysis

5d ago

The market is pricing in a 55% probability that WTI front-month crude will touch $120.01 by year-end 2026, but the extremely high realized volatility of 312% and vol ratio of 2.75 suggest significant uncertainty around oil price trajectories over the next 259 days. The Yes side's 146.8% annualized implied yield appears attractive relative to the No side's 135.5%, though the recent 7-day price decline from 56¢ to 49¢ indicates recent bearish sentiment, and the modest $13,650 daily volume raises liquidity concerns for larger position sizing. With neutral regime conditions and a 1.0 information arrival rate, this market appears fairly balanced but should be monitored for geopolitical shocks that could rapidly move crude prices toward the $120 threshold.

Cross-venue

Also on polymarket at 11¢+41¢)

View counterpart →Match confidence 0.72IY 37282.9%Close-time delta 5900h

Resolution rules

If ICE reports that the maximum price of oil (as defined exclusively by the set of WTI front-month settle prices) is above $120 between Issuance and Dec 31, 2026, then the market resolves to Yes.

Indicators

IY (Yes) 138.2%
IY (No) 149.7%
Adj IY 73%
CRI 1
Overround 2.2%
LAS 0.02
▶ Full indicator table (6)
IndicatorValue
IY (Yes)138.2%
IY (No)149.7%
Adj IY73%
CRI1
Overround2.2%
LAS0.02

Regime

Label
neutral
Score
0.442
Spread
6¢
Computed
4/22/2026, 1:56:45 AM
SF edge 28.0¢ yesObservability lowEvent type financial

Edges (4)

NO +28¢thesis — Putin profits from Iran war oil prices. Russian military budget fully funded. Uk
NO +30¢thesis — The United States will launch a ground invasion of Iran. After 5 weeks of airstr
NO +38¢thesis — The Hormuz Strait is America's final battle — not because it will lose militaril
NO +27¢thesis — Oil above $100 drives electricity costs up. Data center operating costs surge. A
Has orderbookIndicators computed 4/22/2026, 1:53:17 AM

Trade

View on kalshisf trade KXWTIMAX-26DEC31-T120 yes 100

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