US crude oil prices soared to nearly $120 per barrel late Sunday before settling at roughly $95 Monday afternoon. Earlier in the session, US crude oil settled higher by 4.26%, to $94.77 per barrel, paring gains after climbing to nearly $120 per barrel late Sunday. Oil prices mark their daily settle price at 2:30 p.m., while stocks close at 4 p.m. US crude oil was down 8.76% from its 2:30 p.m. settle price, to $86.47 per barrel, as of 4 p.m. It was a day of enormous moves in the oil market: US crude oil prices surged as much as 31%, or $28.50, Sunday night before coming off their high and paring gains Monday.

Source: CNN March 09, 2026 15:15 UTC