At 8:30 a.m. Eastern Time on July 8, 2026, the price of oil sits at $78.17 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s an increase of $4.88 since yesterday morning and roughly $7.30 more than at this time last year.
| oil price per barrel | % Change | |
| Price of oil yesterday | $73.29 | +6.65% |
| Price of oil 1 month ago | $97.77 | -20.04% |
| Price of oil 1 year ago | $70.87 | +10.30% |
