Current price of oil as of October 8, 2026

By 7 a.m.

Eastern Time on October 8, 2026, oil had reached $108.33 per barrel, measured using the Brent benchmark.

That’s $3.59 more than it cost yesterday morning and about $42 above its price a year earlier.

Oil price per barrel % Change Price of oil yesterday $104.74 +3.42% Price of oil 1 month ago $99.15 +9.25% Price of oil 1 year ago $66.47 +62.97% Check Out Our Daily Rates Reports Discover the highest high-yield savings rates , up to 4.50% for October 9, 2026.

Discover the highest CD rates , up to 5.20% for October 9, 2026.

Discover the top CD rates from major banks on October 9, 2026.

Discover the current mortgage rates for October 9, 2026.

Discover current refi mortgage rates report for October 9, 2026.

Discover current ARM mortgage rates report for October 9, 2026.

Discover current HELOC rates for October 9, 2026.

Discover the current price of gold for October 9, 2026.

Discover the current price of silver for October 9, 2026.

Will oil prices go up? Oil prices are inherently unpredictable.

While many variables come into play, the basic push and pull of supply and demand is what ultimately matters.