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Fortune

Joseph Hostetler

Current price of oil as of May 7, 2026

Oil Natural Gas United States OPEC

Current price of oil as of May 7, 2026 (Credit: Getty Images)

By 8:45 a.m. Eastern Time on May 7, 2026, oil had reached $100.45 per barrel, measured using the Brent benchmark. That’s $6.07 less than it cost yesterday morning and about $38.90 above its price a year earlier.

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