Fortune· 2h ago· 1 min read
At 5:05 a.m. Eastern Time today, the price of oil sits at $89.53 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That's an increase of 45 cents since yesterday morning and roughly $16.84 more than at this time last year.
oil price per barrel % Change Price of oil yesterday $89.08 +0.50% Price of oil 1 month ago $73.90 +21.15% Price of oil 1 year ago $72.69 +23.16%
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. Also built in are the costs of refining, distribution through wholesalers, various taxes, and the margin…
Continue reading at FortuneDiscussion
Be the first to comment.
Never miss a headline
Get breaking Nigerian and world news straight to your inbox.
Related Articles
AI's latest casualty? The health of the people building it.
9m ago
Read More
Ukrainian Hip-Hop Band Brings A Message To Americans: Don't Forget Ukraine
38m ago
Read More
Autonomous sources drive Nigeria’s FX inflows to $109.86bn
16m ago
Read More
Matcha and protein pivot pays off for Greggs as profits rise
16m ago
Read MoreWarren probes Pentagon program to hire highly paid private sector workers
24m ago
Read More
South Africa: Why Nigeria is prioritising diplomacy in compensation claims- Enikanolaiye
1h ago
Read MoreLatest in Business
What CEOs learned about AI, work, and legacy from their own Gen Z kids
Fortune · 58m ago
Jordan intercepts Iranian missiles as US and Saudi Arabia pounds Iraqi militia with missiles
BusinessDay · 57m ago
Insiders knew advanced AI models would escape the lab and wreak havoc, former OpenAI board member confesses
Fortune · 50m ago
Constellium Nv earnings beat by €0.33, revenue topped estimates
Investing.com · 27m ago
Lula leads Bolsonaro in Brazil presidential poll ahead of October
Investing.com · 29m ago
Santander Brasil’s net profit down 17.6% in Q2, missing estimates
Investing.com · 29m ago
Porsche expects cost-cutting plan to save up to €5.7 billion, Handelsblatt reported
Investing.com · 30m ago
Lemonade earnings matched, revenue topped estimates
Investing.com · 30m ago
Most Read Today
‘Pretty bad’: Lewis Hamilton hits out at Ferrari after dropping points in F1 title race
The Guardian Sport · 3d ago
LeBron James officially joins 76ers on two-year contract | Report
Yahoo Sports · 3d ago
FIFA president under fire after letter to Argentina FA leaked
Vanguard · 3d ago
5 questions for Penn State at Big Ten football media day
Yahoo Sports · 3d ago
WAFCON 2026: Super Falcons Line Up Tanzania Friendly
Complete Sports · 7d ago
Wamakko Unveils N11.84bn Road Project
New Telegraph · 6d ago
Owen, Rooney, Fabregas, Ronaldo, EPL celebrates 12 greatest teenage stars
Punch · 2h ago
Why safety matters to hotel guests this summer
BusinessDay · 5d ago