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