Current price of oil as of April 27, 2026
As of 9 a.m. Eastern Time on April 27, 2026, oil sold for $106.73 per barrel (using Brent as the benchmark, which we’ll get into momentarily). That’s 32 cents lower than yesterday and approximately a $40 rise over the past year. Oil price per barrel% Change Price of oil yesterday$107.05-0.29%Price of oil 1 month ago$101.70+4.94%Price of oil 1 year ago$67.07+59.13% Check Out Our Daily Rates Reports Discover the highest high-yield savings rates, up to 5% for April 28, 2026. Discover the highest CD rates, up to 4.20% for April 28, 2026. Discover the top CD rates from major banks on April 28, 2026. Discover the current mortgage rates for April 28, 2026. Discover current refi mortgage rates report for April 28, 2026. Discover current ARM mortgage rates report for April 28, 2026. Discover the current price of gold for April 28, 2026. Discover the current price of silver for April 28, 2026. Will oil prices go up? It’s impossible to predict the future of oil prices. Several factors determine the movement of oil, but it ultimately boils down to supply and demand. Again, when threats of economic downturn, war, etc. are high, the oil trajectory can turn rapidly. How oil prices translate to gas pump prices When you pay for gas at the pump, you’re paying for more than just the crude oil itself; you’re also springing for links along the chain, such as the refineries and wholesalers—not to mention taxes and local gas station markups. Still, the crude oil aspect affects the final price most dramatically, as it typically accounts for more than half the price per gallon. When oil prices spike, so do gas prices. And frustratingly, when oil prices drop, gas prices tend to take their time drifting down to the lower price (sometimes referred to as “rockets and feathers”). The role of the U.S. Strategic Petroleum Reserve In case of emergency, the U.S. has a store of crude oil known as the Strategic Petroleum Reserve. Its primary purpose is energy security in case of disaster (think sanctio