Commodities
Oil Prices Plummet to $102.75 per Barrel Amid Global Market Volatility
The current price of oil has dropped to $102.75 per barrel as of September 25, 2026, according to Fortune. This represents a decrease of $1.92 compared to yesterday morning and an increase of around $33 from the same time last year.
Oil prices are determined by supply and demand, including factors such as geopolitics and decisions made by OPEC+. The price of oil can change rapidly due to various market fluctuations.
The article also notes that gas prices at the pump are influenced not only by crude oil prices but also by refining costs, taxes, and local markups. When oil surges, gas prices tend to rise in tandem, but when oil retreats, gas prices often lag behind.