As of 8:45 a.m. Eastern Time on May 5, 2026, oil is trading at $116.55 per barrel, based on the Brent benchmark we’ll explain in a bit. That’s $1.54 above yesterday morning’s level and about $56 higher than where it stood a year ago.
Oil price per barrel% ChangePrice of oil yesterday$115.01+1.33%Price of oil 1 month ago$112.42+3.67%Price of oil 1 year ago$60.91+91.34%Price of oil yesterdayOil price per barrel$115.01% Change+1.33%Price of oil 1 month agoOil price per barrel$112.42% Change+3.67%Price of oil 1 year agoOil price per barrel$60.91% Change+91.34%
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