By 9:40 a.m. Eastern Time on July 2, 2026, oil had reached $71.53 per barrel, measured using the Brent benchmark. That’s $1.15 less than it cost yesterday morning and about $1.29 above its price a year earlier.
| Oil price per barrel | % Change | |
|---|---|---|
| Price of oil yesterday | $72.68 | -1.58% |
| Price of oil 1 month ago | $98.48 | -27.36% |
| Price of oil 1 year ago | $70.24 | +1.83% |
