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Fortune

Joseph Hostetler

Current price of oil as of May 4, 2026

Oil Natural Gas United States OPEC

Current price of oil as of May 4, 2026 (Credit: Getty Images)

As of 8:45 a.m. Eastern Time on May 4, 2026, oil sold for $115.01 per barrel (using Brent as the benchmark, which we’ll get into momentarily). That’s $3.81 higher than yesterday morning and approximately a $55 rise over the past year.

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