At 9 a.m. Eastern Time today, oil was priced at $104.68 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a drop of $4.08 compared with yesterday morning and around $40.46 higher than the price one year ago.
Oil price per barrel% ChangePrice of oil yesterday$108.76-3.75%Price of oil 1 month ago$99.89+4.79%Price of oil 1 year ago$64.22+63.00%Price of oil yesterdayOil price per barrel$108.76% Change-3.75%Price of oil 1 month agoOil price per barrel$99.89% Change+4.79%Price of oil 1 year agoOil price per barrel$64.22% Change+63.00%
Will oil prices go up?
It’s impossible to forecast oil prices with detailed precision. Many different elements affect the market, but ultimately it boils down to supply and demand. When worries about economic recession, war, and other large-scale disruptions increase, oil’s path can shift fast.
How oil prices translate to gas pump prices
