Why Is Crude Oil Price Going Up? Oil Back Above $100, Explained

Описание: Why is the crude oil price going up? In December 2025, a barrel of US oil (WTI) cost $55. On 30 October 2026, it closed at $104.12, almost double in ten months, and US gasoline is back above $4 a gallon.

This video explains the oil price on real candlestick charts: what a barrel is and the two benchmark prices (WTI and Brent), why oil was falling in 2025, the 28 February war and the closing of the Strait of Hormuz, the +36% week and the $119 high, the ceasefire that knocked oil down 16% in one day, why the fighting sent it back above $100, October's 15% jump, why thin world stockpiles keep prices high, what it means for gas and inflation, and the big oil spikes of 2008, 2020 and 2022.

We explain the chart. We never tell you what to buy.

CHAPTERS
0:00 Oil almost doubled: why?
0:19 The basics: WTI vs Brent
0:39 A year ago, oil was falling
0:53 28 February: war and Hormuz
1:11 The spike: +36% in a week
1:29 Ceasefire: −16% in one day
1:49 The fighting came back
2:04 October: +15%
2:19 Why oil stays high
2:39 What it means for you
2:57 Oil has done this before
3:19 The whole story

SOURCES
Prices: Yahoo Finance, WTI crude futures (CL=F) weekly, daily and monthly candles; Brent (BZ=F); energy stocks (XLE), to 30 Oct 2026
WTI $55.27 (16 Dec 2025) → $104.12 (30 Oct 2026); $119.48 intraday high (9 Mar); $112.95 close (7 Apr); $68.58 (1 Jul)
GlobalSecurity: strikes on Iran on 28 Feb 2026; Hormuz declared closed 2 Mar
Rystad Energy via Euronews (9 Mar 2026): Hormuz carries about 15 million barrels a day, about 20% of world oil
AP via WDBJ7 (8 Apr 2026): two-week ceasefire, oil −16%
MWF Macro (24 Jul 2026): talks collapsed, attacks on shipping resumed
Kotak Neo (Oct 2026): Brent December contract $117.64, a six-month high
International Energy Agency via Discovery Alert: world stocks about 509 million barrels below pre-war levels (end of September)
AAA: US national average gasoline $4.18 (31 Oct 2026)
US Bureau of Labor Statistics, September 2026 CPI: energy +20.4% over a year, all items 3.7%

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ABOUT THIS VIDEO
Narration is an AI voice. Charts use real market data. This video is for education only. It is not financial advice.

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