$92.42 Oil Price Spikes 38.47% From Last Year
The current price of oil as of August 18, 2026 is $92.42 per barrel, according to the Brent benchmark.
This represents a 0.97% increase from yesterday's level and a 38.47% rise compared to the same time last year.
The price of oil is influenced by various factors, including supply and demand, geopolitical events, and shifts in energy policies.