At 8:50 a.m. Eastern Time on June 12, 2026, oil was priced at $89.94 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a drop of $5.21 compared with yesterday morning—but more than $19 higher than the price one year ago.
| Oil price per barrel | % Change | |
|---|---|---|
| Price of oil yesterday | $95.15 | -5.47% |
| Price of oil 1 month ago | $107.67 | -16.46% |
| Price of oil 1 year ago | $70.70 | +27.21% |
