At 8:30 a.m. Eastern Time on May 6, 2026, the price of oil sits at $106.52 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s a decrease of $10.03 since yesterday morning and roughly $44 more than at this time last year.
| oil price per barrel | % Change | |
| Price of oil yesterday | $116.55 | -8.60% |
| Price of oil 1 month ago | $114.14 | -6.67% |
| Price of oil 1 year ago | $62.66 | +69.99% |
