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Will WTI crude oil prices reach $120 in April 2026? Market expectations have significantly cooled down.
According to ME News on April 8th (UTC+8), forecast market data shows that in the question “Can WTI crude oil prices reach a high of $120 in April 2026,” the probability of the “Yes” option has dropped significantly from 81.5% to 32.5%, a decrease of 49.0 percentage points in a single day, reflecting a clear weakening of the market’s short-term expectation for oil prices to surge to that level.