After skyrocketing early in the session, the price of crude oil has given back ground over the course of the trading day on Monday but remained sharply higher.
WTI Crude Oil for April delivery was last seen trading up by $3.11 (or 3.42%) at $94.01 per barrel after soaring above $100 a barrel for the first time since 2022 earlier in the day.
Crude oil has extended its recent surge as the ongoing U.S.-Israeli war with Iran has brought global energy supply to a grinding halt.
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Market Analysis
August 21, 2026 14:42 ET The minutes of the latest policy meeting of the Federal Reserve, housing market data and manufacturing sector survey results were the main news for the U.S. economy this week. In Europe, inflation data from the U.K. was the highlight, while consumer price data from Japan drew attention in Asia.