Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Oil Price Drops to $83.72 per Barrel Amid Decrease of $6.09 from Yesterday

Guavy AI Editorial Team
Instruments
Oil
Share

The current price of oil as of August 5, 2026 is $83.72 per barrel, according to Fortune.

This is a decrease of $6.09 since yesterday morning and roughly $15.38 more than at this time last year.

Oil prices are influenced by supply and demand, with the U.S. Strategic Petroleum Reserve playing a crucial role in maintaining energy security during emergencies.

The price you see at the gas pump reflects more than just crude oil, including costs of refining, distribution, taxes, and local station margins.

More on Commodities

Commodities just now

Gold Surges to Seven-Week High as Strait of Hormuz Reopening Hopes Grow

Commodities 1m ago

CRK Disappoints with Q2 Results: Revenue Misses Estimates Amid Lower Gas Prices

Commodities 2m ago

Trump-Iran Talks Send European Gas Prices Lower

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy