WTI Crude prices surged over $115 again on Friday after briefly spiking up to $116.51 on Thursday. The rising prices have been exacerbated by Russia’s invasion of Ukraine and the fear the U.S. may ban Russian oil from its shores, although the price of crude has been rising steadily since Dec. 2, when it hit a bottom at the $62.56 mark.
United States Oil ETF (NYSE:USO) reversed into an uptrend on that same date and as of this Friday afternoon, had soared up more than 68% higher from its Dec. 2 low of $46.16 to reach a high-of-day at $79.46.
