Current price of oil as of November 5, 2026
When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.
At 6 a.m. Eastern Time on November 5, 2026, oil had reached $99.52 per barrel, measured using the Brent benchmark. This represents a decrease of $6.32 from yesterday's morning price and a rise of $35.50 compared to the same time a year prior. The price per barrel has fluctuated significantly, with yesterday's price at $105.84, -5.97% from the previous day, and a year ago at $105.96, -6.07% from then.
Over the past decade, oil prices have been anything but stable, influenced by wars, recessions, and OPEC's decisions. The price of oil ultimately impacts the cost of gas at the pump, with a decline in oil prices often leading to delayed drops in gas prices. The U.S. Strategic Petroleum Reserve serves as an immediate safety net during emergencies, but it's not a long-term solution.
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