At 5:35 a.m. Eastern Time on July 24, oil was priced at $97.04 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a drop of $1.45 compared with yesterday morning and around $27.50 higher than the price one year ago.
| Oil price per barrel | % Change | |
|---|---|---|
| Price of oil yesterday | $98.49 | -1.47% |
| Price of oil 1 month ago | $77.50 | +25.21% |
| Price of oil 1 year ago | $69.51 | +39.60% |
