$100.00 oil? Maybe??Can Crude Oil Reach $100 Again? ETF Daily News | Feb 16, 2021 12:16PM ET View all comments (9) The last time NYMEX crude oil futures traded above the $100 per barrel level was 2014, when the energy commodity reached a high of $107.73. Since crude oil futures began trading on the CMEs NYMEX division in 1983, the price was above the century mark in five years out of 38. The all-time came in 2008 at $147.27 per barrel. From 1983 through 2004, the high was $41.15. 2020 was a wild year in the crude oil market. Energy demand evaporated as the global pandemic descended on the world. Crude oil fell steadily from a high of $65.65 in early January through April, but the real fireworks came on April 20 when the price declined below zero for the first time and fell to a low of an incredible negative $40.32 per barrel. A pipeline in Cushing, Oklahoma, is the delivery point for NYMEX WTI futures, making it a landlocked crude oil. As demand disappeared, petroleum filled storage capacity. As the May contract moved towards expiration, those holding long positions had nowhere to store the oil, forcing longs to sell at any price. Since then, crude oil has climbed steadily, reaching the highest price in over a year last week. Supply fundamentals are undergoing a significant change in 2021, which could put the $100 level back within reach for only the sixth time in almost four decades. The United States Oil Fund (NYSE:USO) holds a portfolio of NYMEX crude oil futures contracts.