By 9 a.m. Eastern Time today, oil had reached $108.76 per barrel, measured using the Brent benchmark. That’s $1.58 less than it cost yesterday morning and about $44 above its price a year earlier.
Oil price per barrel% ChangePrice of oil yesterday$110.34-1.43%Price of oil 1 month ago$94.75+14.78%Price of oil 1 year ago$64.84+67.73%Price of oil yesterdayOil price per barrel$110.34% Change-1.43%Price of oil 1 month agoOil price per barrel$94.75% Change+14.78%Price of oil 1 year agoOil price per barrel$64.84% Change+67.73%
Will oil prices go up?
Oil prices are inherently unpredictable. While many variables come into play, the basic push and pull of supply and demand is what ultimately matters. In times of heightened concern about recession, war, or other major disruptions, oil can swing suddenly.
How oil prices translate to gas pump prices
