At 6:45 a.m. Eastern Time on July 31, 2026, oil was priced at $92.27 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a drop of 38 cents compared with yesterday morning and around $19.67 higher than the price one year ago.
| Oil price per barrel | % Change | |
|---|---|---|
| Price of oil yesterday | $92.65 | -0.41% |
| Price of oil 1 month ago | $74.15 | +24.43% |
| Price of oil 1 year ago | $72.60 | +27.31% |
