{
  "id": 3027858,
  "title": "Current price of oil as of August 24, 2026",
  "url": "https://urgent.news/2026/08/24/current-price-of-oil-as-of-august-24-2026",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-24T13:00:00.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/article/price-of-oil-08-24-2026/"
  },
  "original_language": "en",
  "account": "According to the latest data as of August 24, 2026, the price of oil stands at $94.12 per barrel, using Brent as the benchmark. This represents a decrease of 54 cents from yesterday's opening price and a notable increase of $26.21 compared to the price one year ago. The current price per barrel has seen a decline of 0.57% compared to yesterday and a decrease of 7.01% compared to one month ago, while a significant rise of 38.59% is observed compared to the price one year ago. Predicting oil price movements remains challenging, as the primary determinant is the interplay between supply and demand. Factors such as geopolitical tensions, economic downturns, and natural disasters can cause swift shifts in oil prices. Although the price of oil directly influences the cost of gasoline at the pump, it is not the only factor. The price of oil also accounts for various costs along the supply chain, including refining, distribution, taxes, and local markup fees.",
  "summary": "When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}