At 9 a.m. Eastern Time on June 5, 2026, oil was priced at $97.44 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a drop of 51 cents compared with yesterday morning and around $32 higher than the price one year ago.
| Oil price per barrel | % Change | |
|---|---|---|
| Price of oil yesterday | $97.95 | -0.52% |
| Price of oil 1 month ago | $118.68 | -17.89% |
| Price of oil 1 year ago | $65.74 | +48.22% |
