Current price of oil as of June 9, 2026

As of June 9, 2026, oil is trading at $95.06 per barrel (Brent benchmark), down $2.09 from the previous day but $27.50 higher than a year ago. Factors influencing oil prices include supply and demand dynamics, geopolitical risks, and the U.S. Strategic Petroleum Reserve's role in stabilizing markets during crises.