At 9 a.m. Eastern Time on September 4, 2026, oil was priced at $96.90 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a drop of $2.48 compared with yesterday morning and around $30 higher than the price one year ago.
| Oil price per barrel | % Change | |
|---|---|---|
| Price of oil yesterday | $99.38 | -2.49% |
| Price of oil 1 month ago | $87.31 | +10.98% |
| Price of oil 1 year ago | $67.30 | +43.98% |
