US Crude Is Up 80% This Year Despite Giving Back Almost All of Its Spring Spike
US crude settled at $103.27 on Friday, up 79.9% from $57.42 at the end of 2025, after topping $105 in April and sliding to $69.50 by the end of June.
US crude settled at $103.27 a barrel on Friday, up 3.8% on the day and 79.9% from $57.42 at the end of 2025. Brent, the global benchmark, settled at $116.72, its highest since 29 April and up 91.8% from $60.85, according to Reuters and The National.
The road there was a round trip. US crude jumped by about half in March, ended April at $105.07, then gave almost all of it back: by 30 June it was $69.50, only a few dollars above where it stood before the spike. The second climb began in July and has run for four months.
This week’s push came from the Gulf, where Yemen’s Houthi rebels kept up attacks on Saudi Arabia, The National reported.
What to watch: the 3 November US midterm elections. The New York Times reported this week that the US and Israel have drawn up plans for renewed strikes on Iran after the vote.
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Mostly Markets is for information and education only and isn't investment advice. Theo Park is a pen name. Prices are from Nasdaq and CNBC as of the time stated.
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