# US crude surges above $75 to the highest level since November 2014

> WTI closed up 2.8% at $75.30 on October 1, its highest close since November 2014, as sanctions on Iran began shrinking supply. Brent rose to $85.04 and progress on the NAFTA replacement eased demand concerns.

- Date: 2018-10-01 · published 2018-10-01T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/62708-us-crude-surges-above-75-to-the-highest-level-since-november-2014
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Higher crude raises energy and transport costs for feed supply chains and supports biofuel economics, while easing North American trade tensions reduced demand worries.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-05-09 | [Oil jumps to highest since 2014 after US quits Iran deal](https://feedsoft.ai/events/65180-oil-jumps-to-highest-since-2014-after-us-quits-iran-deal.md) | +3.5% | -6.0% |
| WTI | 2022-02-24 | [Oil surges above $100 for the first time since 2014, before paring gains](https://feedsoft.ai/events/42856-oil-surges-above-100-for-the-first-time-since-2014-before-paring-gains.md) | +20.2% | +24.7% |
| WTI | 2026-04-29 | [Crude oil price jumps to $115, highest level since June 2022 amid stalled Iran war talks. Brace for $150? - The Economic Times](https://feedsoft.ai/events/19905-crude-oil-price-jumps-to-115-highest-level-since-june-2022-amid-stalled-iran.md) | +2.2% | -10.9% |
| WTI | 2026-01-29 | [Brent Crude Settles at Highest Since July on Trump’s Iran Threat - Bloomberg](https://feedsoft.ai/events/21235-brent-crude-settles-at-highest-since-july-on-trump-s-iran-threat-bloomberg.md) | +2.9% | +3.6% |
| WTI | 2024-03-25 | [Crude futures surge 7pc to new four-year high \| Latest Market News](https://feedsoft.ai/events/31381-crude-futures-surge-7pc-to-new-four-year-high-latest-market-news.md) | +4.1% | +3.2% |
| BRENT | 2018-05-09 | [Oil jumps to highest since 2014 after US quits Iran deal](https://feedsoft.ai/events/65180-oil-jumps-to-highest-since-2014-after-us-quits-iran-deal.md) | +5.6% | -0.3% |
| BRENT | 2022-02-24 | [Oil surges above $100 for the first time since 2014, before paring gains](https://feedsoft.ai/events/42856-oil-surges-above-100-for-the-first-time-since-2014-before-paring-gains.md) | +18.2% | +27.0% |
| BRENT | 2026-04-29 | [Crude oil price jumps to $115, highest level since June 2022 amid stalled Iran war talks. Brace for $150? - The Economic Times](https://feedsoft.ai/events/19905-crude-oil-price-jumps-to-115-highest-level-since-june-2022-amid-stalled-iran.md) | -1.9% | -16.4% |

## Sources

- cnbc.com: https://www.cnbc.com/2018/10/01/us-crude-surges-above-75-to-the-highest-level-since-november-2014.html

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.