As of 8:30 a.m. Eastern Time on June 1, 2026, oil sold for $96.42 per barrel (using Brent as the benchmark, which we’ll get into momentarily). That’s 14 cents higher than yesterday and approximately a $32 rise over the past year.
| Oil price per barrel | % Change | |
|---|---|---|
| Price of oil yesterday | $96.28 | +0.14% |
| Price of oil 1 month ago | $116.18 | -17.00% |
| Price of oil 1 year ago | $64.37 | +49.79% |
