At 5:30 a.m. Eastern Time on Aug. 5, the price of oil sits at $83.72 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s a decrease of $6.09 since yesterday morning and roughly $15.38 more than at this time last year.
| oil price per barrel | % Change | |
| Price of oil yesterday | $89.81 | -6.78% |
| Price of oil 1 month ago | $72.65 | +15.23% |
| Price of oil 1 year ago | $68.34 | +22.50% |
