Current price of oil as of May 27, 2026
As of May 27, 2026, the price of oil is $96.28 per barrel, reflecting a decrease from the previous day. This price is significantly higher than it was a year ago, indicating ongoing volatility in the oil market. Factors such as supply and demand, geopolitical events, and economic conditions continue to influence oil prices.
- ▪The current price of oil is $96.28 per barrel, down $3.92 from yesterday.
- ▪This price is approximately $32 higher than the same time last year.
- ▪Oil prices are primarily driven by supply and demand, along with geopolitical factors.
Opening excerpt (first ~120 words) tap to expand
At 9 a.m. Eastern Time today, the price of oil sits at $96.28 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s a decrease of $3.92 since yesterday morning and roughly $32 more than at this time last year. oil price per barrel% ChangePrice of oil yesterday$100.20-3.55%Price of oil 1 month ago$106.96-9.98%Price of oil 1 year ago$64.37+49.57% Will oil prices go up? Nobody can predict the future path of oil prices with certainty. A range of factors influence how oil trades, yet supply and demand remain the main drivers. When fears of economic slowdown, conflict, or similar shocks rise, oil prices can move sharply. How oil prices translate to gas pump prices The price you see at the gas pump reflects more than just crude oil.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Fortune.
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