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Fortune

Joseph Hostetler

Current price of oil as of Sept. 16, 2026

Oil Donald Trump Natural Gas United States OPEC

Current price of oil as of Sept. 16, 2026 (Credit: Getty Images)

At 7 a.m. Eastern Time on September 16, 2026, the price of oil sits at $108.34 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s an increase of $1.77 since yesterday morning and roughly $40 more than at this time last year.

	oil price per barrel	% Change
Price of oil yesterday	$106.57	+1.63%
Price of oil 1 month ago	$90.94	+19.13%
Price of oil 1 year ago	$68.72	+57.65%

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