As of 9:15 a.m. Eastern Time today, oil sold for $100.20 per barrel (using Brent as the benchmark, which we’ll get into momentarily). That’s 67 cents higher than yesterday morning and approximately a $35.30 rise over the past year.
Oil price per barrel% ChangePrice of oil yesterday$99.53+0.67%Price of oil 1 month ago$105.95-5.42%Price of oil 1 year ago$64.89+54.41%Price of oil yesterdayOil price per barrel$99.53% Change+0.67%Price of oil 1 month agoOil price per barrel$105.95% Change-5.42%Price of oil 1 year agoOil price per barrel$64.89% Change+54.41%
Will oil prices go up?
It’s impossible to predict the future of oil prices. Several factors determine the movement of oil, but it ultimately boils down to supply and demand. Again, when threats of economic downturn, war, etc. are high, the oil trajectory can turn rapidly.
How oil prices translate to gas pump prices
