As of 7:15 a.m. Eastern Time, oil sold for $87.55 per barrel (using Brent as the benchmark, which we’ll get into momentarily). That’s 11 cents higher than yesterday morning and approximately a $21 rise over the past year.
| Oil price per barrel | % Change | |
|---|---|---|
| Price of oil yesterday | $87.44 | +0.12% |
| Price of oil 1 month ago | $76.47 | +14.48% |
| Price of oil 1 year ago | $66.82 | +31.02% |
