At 9:30 a.m. Eastern Time today, the price of oil sits at $110.34 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s a decrease of $2.59 since yesterday morning and roughly $44.50 more than at this time last year.
oil price per barrel% ChangePrice of oil yesterday$112.93-2.29%Price of oil 1 month ago$97.50+13.77%Price of oil 1 year ago$65.83+67.61%
Will oil prices go up?
Nobody can predict the future path of oil prices with certainty. A range of factors influence how oil trades, yet supply and demand remain the main drivers. When fears of economic slowdown, conflict, or similar shocks rise, oil prices can move sharply.
How oil prices translate to gas pump prices
