Aramco Shares Rise Amid Tensions as Traders Turn to Prediction Markets for Oil Cues

Saudi Aramco shares recorded gains during Sunday's trading session in Riyadh as markets reacted to escalating geopolitical tensions involving Iran. The upward movement comes as investors anticipate a significant spike in crude oil futures when international markets reopen. Notably, traders are increasingly utilizing alternative prediction markets such as Kalshi to place bets on where crude oil prices will settle before official exchanges open. These platforms are serving as a real-time sentiment gauge for oil prices during the weekend trading gap, reflecting the immediate impact of geopolitical developments. Market analysts view the performance of the world's largest oil producer as a leading indicator for global energy prices. Consequently, both Brent and WTI futures are expected to open higher, fueled by the risk premium observed in both equity and prediction markets.