Current price of oil as of April 30, 2026
As of 8:30 a.m. Eastern Time on April 30, 2026, the price of oil reached $114.66 per barrel based on the Brent benchmark, marking a 66-cent increase from the previous day and a significant rise compared to the price a year earlier. Oil prices are influenced by global supply and demand dynamics, geopolitical events, and economic conditions, with historical trends showing substantial volatility. While crude oil costs heavily influence gasoline prices, declines in oil prices tend to result in slower reductions at the pump due to the 'rockets and feathers' effect.
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By 8:30 a.m. Eastern Time today, oil had reached $114.66 per barrel, measured using the Brent benchmark. That’s 66 cents more than it cost yesterday morning and about $53 above its price a year earlier. Oil price per barrel% ChangePrice of oil yesterday$113.99+0.58%Price of oil 1 month ago$111.62+2.72%Price of oil 1 year ago$61.83+85.44%Price of oil yesterdayOil price per barrel$113.99% Change+0.58%Price of oil 1 month agoOil price per barrel$111.62% Change+2.72%Price of oil 1 year agoOil price per barrel$61.83% Change+85.44% Will oil prices go up? Oil prices are inherently unpredictable. While many variables come into play, the basic push and pull of supply and demand is what ultimately matters.
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