As of 8 a.m. Eastern Time on September 1, 2026, oil is trading at $94.11 per barrel, based on the Brent benchmark we’ll explain in a bit. That’s $1.08 above yesterday morning’s level and about $25.40 higher than where it stood a year ago.
| Oil price per barrel | % Change | |
|---|---|---|
| Price of oil yesterday | $93.03 | +1.16% |
| Price of oil 1 month ago | $94.93 | -0.86% |
| Price of oil 1 year ago | $68.72 | +36.94% |
