Current price of oil as of October 21, 2026

At 8 a.m. Eastern Time on October 21, 2026, the price of oil sits at $110.74 per barrel, using Brent as the benchmark (we’ll explain what that means shortly). That’s a decrease of $2.11 since yesterday morning and roughly $49 more than at this time last year. Nobody can predict the future path of oil prices with certainty. A range of factors influence how oil trades, yet supply and demand remain the main drivers. When fears of economic slowdown, conflict, or similar shocks rise, oil prices can move sharply.

Source: Fortune Crypto