"The rally has been fast and tightly packed. WTI slipped to roughly $55 in mid-December 2025, then sprinted to the April peak before easing back toward $100 in late April. The current level sits in the 96th percentile of the trailing one-year range, which the FRED series treats as inflationary territory."
"USO is the most direct retail vehicle for exposure to West Texas Intermediate. The fund holds front-month WTI futures and rolls them forward each month, which makes it the simplest way to express 'oil goes up' without opening a futures account."
In April 2026, crude oil prices exceeded $100 per barrel, with WTI peaking at nearly $115 and Brent at about $138. The United States Oil Fund (USO), United States Brent Oil Fund (BNO), and SPDR S&P Oil & Gas Exploration & Production ETF (XOP) have all shown significant year-to-date gains. The price rally was influenced by geopolitical risks, OPEC+ supply constraints, and declining non-OPEC production. Retail sentiment fluctuated, reflecting both bullish and bearish narratives, while volatility remained high throughout the month.
Read at 24/7 Wall St.
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