By 5:30 a.m. Eastern Time on July 16, 2026, oil had reached $84.64 per barrel, measured using the Brent benchmark. That’s $1.28 less than it cost yesterday morning and about $15.38 above its price a year earlier.
| Oil price per barrel | % Change | |
|---|---|---|
| Price of oil yesterday | $85.92 | -1.48% |
| Price of oil 1 month ago | $84.77 | -0.15% |
| Price of oil 1 year ago | $69.26 | +22.20% |
