Current price of oil as of May 5, 2026

As of 8:45 a.m. Eastern Time today, oil is trading at $116.55 per barrel, based on the Brent benchmark we’ll explain in a bit. That’s $1.54 above yesterday morning’s level and about $56 higher than where it stood a year ago.

	Oil price per barrel	% Change
Price of oil yesterday	$115.01	+1.33%
Price of oil 1 month ago	$112.42	+3.67%
Price of oil 1 year ago	$60.91	+91.34%

...