As of 9 a.m. Eastern Time on May 12, 2026, oil is trading at $110.43 per barrel, based on the Brent benchmark we’ll explain in a bit. That’s $2.76 above yesterday morning’s level and about $45 higher than where it stood a year ago.
| Oil price per barrel | % Change | |
|---|---|---|
| Price of oil yesterday | $107.67 | +2.56% |
| Price of oil 1 month ago | $96.44 | +14.50% |
| Price of oil 1 year ago | $65.44 | +68.75% |
