As of 6:50 a.m. Eastern Time on August 3, 2026, oil sold for $87.38 per barrel (using Brent as the benchmark, which we’ll get into momentarily). That’s 71 cents higher than yesterday morning and approximately a $17.50 rise over the past year.
| Oil price per barrel | % Change | |
|---|---|---|
| Price of oil yesterday | $86.67 | +0.81% |
| Price of oil 1 month ago | $72.26 | +20.92% |
| Price of oil 1 year ago | $69.86 | +25.07% |
