At 8:40 a.m. Eastern Time on July 1, the price of oil sits at $72.68 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s a decrease of $2.34 since yesterday morning and roughly $4.34 more than at this time last year.
| oil price per barrel | % Change | |
| Price of oil yesterday | $75.02 | -3.11% |
| Price of oil 1 month ago | $95.04 | -23.52% |
| Price of oil 1 year ago | $68.34 | +6.35% |
