At 9 a.m. Eastern Time on May 22, 2026, oil was priced at $104.68 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a drop of $4.08 compared with yesterday morning and around $40.46 higher than the price one year ago.
| Oil price per barrel | % Change | |
|---|---|---|
| Price of oil yesterday | $108.76 | -3.75% |
| Price of oil 1 month ago | $99.89 | +4.79% |
| Price of oil 1 year ago | $64.22 | +63.00% |
