Current price of oil as of August 5, 2026
When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.
As of August 5, 2026, the current price of oil, measured against the benchmark known as Brent, stands at $83.72 per barrel. This figure reflects a decrease of $6.09 from yesterday's morning rate and marks a notable increase of approximately $15.38 when compared to prices from the same time last year. Over the past month, the price has risen by 15.23%, while a year's worth of data shows a substantial 22.50% increase.
For those interested in exploring additional financial data, comprehensive reports detailing daily and CD rates, mortgage rates, refinancing options, and HELOC rates from major banks are available for August 6, 2026.
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