Current price of oil as of October 14, 2026

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%

Will oil prices go up?

Nobody can predict the future path of oil prices with…