Current price of oil as of September 16, 2026
When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.
As of September 16, 2026 at 7 a.m. Eastern Time, the price of oil stands at $108.34 per barrel, based on the benchmark of Brent crude oil. This is a notable increase of $1.77 since yesterday morning and roughly $40 more than the price at the same time last year. Comparatively, oil is currently at $106.57 per barrel compared to yesterday and $90.94 per barrel compared to one month ago.
Over the past year, the price has risen to $68.72 per barrel, marking an impressive increase of 57.65%. The future direction of oil prices remains uncertain, as it is influenced by a myriad of factors, but supply and demand continue to be the primary drivers. Any signs of economic slowdown, conflicts, or similar shocks can lead to rapid fluctuations in oil prices.
Written by urgent.news from Fortune's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Bitcoin and ethereum prices today, Wednesday, September 16, 2026: Crypto prices tank after CLARITY Act fails and ahead of Fed decision finance.yahoo.com
- Bank of Japan poised to raise rates to 1.25pc amid inflation, weak yen malaymail.com
- Bank of Japan set to raise rates under pressure from inflation, US nst.com.my
- Bank of Japan set to raise rates under pressure from inflation, US straitstimes.com
- Norwegian Krone: Norges Bank weighs inflation and growth – Commerzbank fxstreet.com
- UK inflation rises to 5-month high, further pressuring Bank of England to raise rates this year winnipegfreepress.com
- Japan’s pork and egg prices surge as inflation continues to bite japantimes.co.jp
