Markets › Kalshi › Commodities
WTI oil high on Kalshi
If ICE reports that the maximum price of oil (as defined exclusively by the set of WTI front-month settle prices) is above $118.50 between Issuance and Nov 30, 2026, then the market resolves to Yes.
Settles on: ICE.
Market says (typical open contract)
4%
Median YES price across 30 open contracts, 10 Nov 2026 09:57 UTC.
Real-world odds
—
No independent base rate yet. Until we connect one (sportsbook consensus, forecasts, the score), the market's own price is the best public forecast, and the fee sits on top of it.
Luck needed meter
9% 😈
All but decided, says the market. The remaining cents are the price of the rare surprise, and the fee comes off them first.
The cover charge
| If you buy at | Fee per contract | On $50 | Win rate to break even |
|---|---|---|---|
| 4¢ (now) | 0.3¢ | $3.36 | 4.3% |
| 30¢ | 1.5¢ | $2.45 | 31.5% |
| 50¢ | 1.8¢ | $1.75 | 51.7% |
| 70¢ | 1.5¢ | $1.05 | 71.5% |
| 90¢ | 0.6¢ | $0.35 | 90.6% |
Resting orders pay no fee on this series. Formula: 7% × contracts × price × (1 − price), rounded up, on orders that take liquidity. Break-even assumes you hold to settlement; trading out early pays the fee twice.
Open contracts right now
| Contract | YES price | Implied | Fee at this price | Real-world odds | Luck needed | Volume | Closes |
|---|---|---|---|---|---|---|---|
| Will the maximum WTI front month settle price reach $115.01 by Dec 31, 2026? · $115.01 or above | 12¢ | 12% | 0.8¢ | — | 25% | 2,452,918 | Dec 31, 19:30 UTC |
| Will the maximum WTI front month settle price reach $120.01 by Dec 31, 2026? · $120.01 or above | 9¢ | 9% | 0.6¢ | — | 18% | 1,119,616 | Dec 31, 19:30 UTC |
| Will the maximum WTI front month settle price reach $150.01 by Dec 31, 2026? · $150.01 or above | 3¢ | 3% | 0.2¢ | — | 7% | 1,088,305 | Dec 31, 19:30 UTC |
| Will the maximum WTI front month settle price reach $180.01 by Dec 31, 2026? · $180.01 or above | 2¢ | 2% | 0.2¢ | — | 4% | 1,012,847 | Dec 31, 19:30 UTC |
| Will the maximum WTI front month settle price reach $140.01 by Dec 31, 2026? · $140.01 or above | 4¢ | 4% | 0.3¢ | — | 8% | 819,589 | Dec 31, 19:30 UTC |
| Will the maximum WTI front month settle price reach $200.01 by Dec 31, 2026? · $200.01 or above | 2¢ | 2% | 0.2¢ | — | 5% | 782,747 | Dec 31, 19:30 UTC |
| Will the maximum WTI front month settle price reach $160.01 by Dec 31, 2026? · $160.01 or above | 3¢ | 3% | 0.2¢ | — | 6% | 778,886 | Dec 31, 19:30 UTC |
| Will the maximum WTI front month settle price reach $125.01 by Dec 31, 2026? · $125.01 or above | 7¢ | 7% | 0.5¢ | — | 14% | 768,856 | Dec 31, 19:30 UTC |
| Will the maximum WTI front month settle price reach $130.01 by Dec 31, 2026? · $130.01 or above | 6¢ | 6% | 0.4¢ | — | 11% | 743,854 | Dec 31, 19:30 UTC |
| Will the maximum WTI front month settle price reach $135.01 by Dec 31, 2026? · $135.01 or above | 5¢ | 5% | 0.3¢ | — | 10% | 541,004 | Dec 31, 19:30 UTC |
| Will the maximum WTI front month settle price reach $112.00 by Nov 30, 2026? · 112.01 or above | 5¢ | 5% | 0.3¢ | — | 10% | 677 | Dec 01, 00:00 UTC |
| Will the maximum WTI front month settle price reach $109.00 by Nov 30, 2026? · 109.01 or above | 6¢ | 6% | 0.4¢ | — | 13% | 490 | Dec 01, 00:00 UTC |
| Will the maximum WTI front month settle price reach $115.00 by Nov 30, 2026? · 115.01 or above | 4¢ | 4% | 0.3¢ | — | 8% | 97 | Dec 01, 00:00 UTC |
| Will the maximum WTI front month settle price reach $113.50 by Nov 30, 2026? · 113.51 or above | 4¢ | 4% | 0.3¢ | — | 9% | 91 | Dec 01, 00:00 UTC |
| Will the maximum WTI front month settle price reach $117.50 by Nov 30, 2026? · 117.51 or above | 3¢ | 3% | 0.2¢ | — | 7% | 85 | Dec 01, 00:00 UTC |
| Will the maximum WTI front month settle price reach $109.50 by Nov 30, 2026? · 109.51 or above | 6¢ | 6% | 0.4¢ | — | 11% | 77 | Dec 01, 00:00 UTC |
| Will the maximum WTI front month settle price reach $115.50 by Nov 30, 2026? · 115.51 or above | 4¢ | 4% | 0.3¢ | — | 8% | 61 | Dec 01, 00:00 UTC |
| Will the maximum WTI front month settle price reach $111.00 by Nov 30, 2026? · 111.01 or above | 6¢ | 6% | 0.4¢ | — | 12% | 20 | Dec 01, 00:00 UTC |
| Will the maximum WTI front month settle price reach $111.50 by Nov 30, 2026? · 111.51 or above | 5¢ | 5% | 0.3¢ | — | 10% | 19 | Dec 01, 00:00 UTC |
| Will the maximum WTI front month settle price reach $110.00 by Nov 30, 2026? · 110.01 or above | 6¢ | 6% | 0.4¢ | — | 11% | 16 | Dec 01, 00:00 UTC |
| Will the maximum WTI front month settle price reach $118.50 by Nov 30, 2026? · 118.51 or above | 3¢ | 3% | 0.2¢ | — | 7% | 12 | Dec 01, 00:00 UTC |
| Will the maximum WTI front month settle price reach $117.00 by Nov 30, 2026? · 117.01 or above | 4¢ | 4% | 0.3¢ | — | 8% | 8 | Dec 01, 00:00 UTC |
| Will the maximum WTI front month settle price reach $110.50 by Nov 30, 2026? · 110.51 or above | 6¢ | 6% | 0.4¢ | — | 11% | 8 | Dec 01, 00:00 UTC |
| Will the maximum WTI front month settle price reach $118.00 by Nov 30, 2026? · 118.01 or above | 3¢ | 3% | 0.2¢ | — | 7% | 7 | Dec 01, 00:00 UTC |
| Will the maximum WTI front month settle price reach $113.00 by Nov 30, 2026? · 113.01 or above | 4¢ | 4% | 0.3¢ | — | 9% | 7 | Dec 01, 00:00 UTC |
| Will the maximum WTI front month settle price reach $112.50 by Nov 30, 2026? · 112.51 or above | 5¢ | 5% | 0.3¢ | — | 10% | 7 | Dec 01, 00:00 UTC |
| Will the maximum WTI front month settle price reach $116.50 by Nov 30, 2026? · 116.51 or above | 4¢ | 4% | 0.3¢ | — | 8% | 6 | Dec 01, 00:00 UTC |
| Will the maximum WTI front month settle price reach $116.00 by Nov 30, 2026? · 116.01 or above | 4¢ | 4% | 0.3¢ | — | 8% | 6 | Dec 01, 00:00 UTC |
| Will the maximum WTI front month settle price reach $114.50 by Nov 30, 2026? · 114.51 or above | 4¢ | 4% | 0.3¢ | — | 9% | 6 | Dec 01, 00:00 UTC |
| Will the maximum WTI front month settle price reach $114.00 by Nov 30, 2026? · 114.01 or above | 4¢ | 4% | 0.3¢ | — | 9% | 6 | Dec 01, 00:00 UTC |
Who actually wins this market
- Whoever posts the resting orders and collects the spread without paying a fee.
- The venue, on every fee.
- Not, on average, the person clicking buy because the chart is going their way. That was us.
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