At 9 a.m. Eastern Time on May 29, 2026, oil was priced at $94.44 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a drop of $3.07 compared with yesterday morning and around $30 higher than the price one year ago.
| Oil price per barrel | % Change | |
|---|---|---|
| Price of oil yesterday | $97.51 | -3.14% |
| Price of oil 1 month ago | $109.87 | -14.04% |
| Price of oil 1 year ago | $63.96 | +47.65% |
