Current price of oil as of October 16, 2026
Source: Fortune ·
When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.
From the source
At 7:45 a.m. Eastern Time on October 16, 2026, oil was priced at $108.51 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a rise of $1.84 compared with yesterday morning and around $47 higher than the price one year ago. Oil price per barrel% ChangePrice of oil yesterday$106.67+1.72%Price of oil 1 month ago$109.73-1.11%Price of oil 1 year ago$61.23+77.21% Check Out Our Daily Rates Reports Discover the highest high-yield savings rates for October 20, 2026. Discover the highest CD rates for October 20, 2026. Discover the top CD rates from major banks on October 20, 2026. Discover the current mortgage rates for October 20, 2026. Discover current refi mortgage rates report for October 20, 2026. Discover current ARM mortgage rates report for October 20, 2026. Discover current HELOC rates for October 20, 2026. Discover the current price of gold for October 20, 2026. Discover the current price of silver for October 20, 2026.…