At 7:15 a.m. Eastern Time today, the price of oil sits at $108.70 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s an increase of $1.41 since yesterday morning and roughly $46 more than at this time last year.
| oil price per barrel | % Change | |
| Price of oil yesterday | $107.29 | +1.31% |
| Price of oil 1 month ago | $109.19 | -0.44% |
| Price of oil 1 year ago | $62.54 | +73.80% |
