As of 5:20 a.m. Eastern Time on Aug. 4, oil is trading at $89.81 per barrel, based on the Brent benchmark we’ll explain in a bit. That’s $2.43 above yesterday morning’s level and about $20.50 higher than where it stood a year ago.
| Oil price per barrel | % Change | |
|---|---|---|
| Price of oil yesterday | $87.38 | +2.78% |
| Price of oil 1 month ago | $72.65 | +23.62% |
| Price of oil 1 year ago | $69.31 | +29.57% |
