When Russia invaded Ukraine in March 2022, NYMEX crude oil futures returned to over $100 per barrel, reaching a high of $130.50. The price declined 57.94% to a low of $54.89 in December 2025. The war with Iran sparked the latest rally, which took NYMEX crude oil to a high of $119.48 per barrel in March 2026.After reaching $114.83 in May 2011 and trading around the $100 per barrel pivot point until July 2014, NYMEX crude oil dropped 94.34% to a $6.50 low in April 2020, when the global pandemic gripped market ...