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Fortune

Joseph Hostetler

BIZARRE: Current price of oil as of may 1 2026 - What They Never Told You

Oil Natural Gas United States Gas Prices OPEC

Current price of oil as of May 1, 2026 (Credit: Getty Images)

At 8:45 a.m. Eastern Time on May 1, 2026, oil was priced at $116.10 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article). That’s a rise of $1.44 compared with yesterday morning and around $53.46 higher than the price one year ago.

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