Current price of oil as of October 16, 2026

At 7:45 a.m. Eastern Time today, oil was priced at $108.51 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a rise of $1.84 compared with yesterday morning and around $47 higher than the price one year ago.

Oil price per barrel% Change

Price of oil yesterday$106.67+1.72%

Price of oil 1 month ago$109.73-1.11%

Price of oil 1 year ago$61.23+77.21%

Price of oil yesterday

Oil price per barrel$106.67

% Change+1.72%

Price of oil…