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Fortune

Joseph Hostetler

Current price of oil as of March 16, 2026

Oil Donald Trump Natural Gas United States OPEC

Current price of oil as of March 16, 2026 (Credit: Getty Images)

As of 9:30 a.m. Eastern Time on March 16, 2026, oil sold for $102.14 per barrel (using Brent as the benchmark, which we’ll get into momentarily). That’s $3.05 lower than yesterday—but approximately a $30 rise over the past year.

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