At 5:20 a.m. Eastern Time, oil was priced at $86.04 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a gain of $2.40 compared with yesterday morning and around $19 higher than the price one year ago.
| Oil price per barrel | % Change | |
|---|---|---|
| Price of oil yesterday | $83.64 | +2.86% |
| Price of oil 1 month ago | $72.62 | +18.47% |
| Price of oil 1 year ago | $66.99 | +28.43% |
