Current price of oil as of October 9, 2026
When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.
As of October 9, 2026, the price of oil was $105.72 per barrel, according to the information available. This figure represents a decrease of $2.61 compared to the previous morning, and it is approximately $40 higher than the price from one year ago. The price of oil yesterday was $108.33, putting it 2.40% lower than today. Over the course of a month, the price had risen by 4.66% to $101.01, and it had increased by 61.20% from a year ago, reaching $65.58.
The prediction of future oil prices is difficult due to the various factors influencing the market, which mainly hinge on supply and demand. However, significant changes in oil prices often stem from concerns about economic recession, war, or other large-scale disruptions. Oil price fluctuations can have a substantial impact on gas pump prices, as they contribute significantly to the per-gallon cost.
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