Current price of oil as of Sept. 15, 2026
When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.
On September 15, 2026, oil was trading at $106.57 per barrel, according to the Brent benchmark. This represents a 3.85 dollar decrease from yesterday's level and a 39 dollar increase compared to a year ago. The price of oil per barrel has changed significantly over recent years. Brent crude oil, a global benchmark, fluctuates based on supply and demand, geopolitical tensions, and OPEC+ decisions.
Recently, oil prices have been volatile due to factors like potential recessions and wars. The U.S. Strategic Petroleum Reserve, a backup supply of crude oil, helps cushion the impact of supply shocks on prices. Although crude oil influences gas pump prices, it's not the only factor—refineries, taxes, and local station markups also contribute.
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