Current price of oil as of June 24, 2026

As of June 24, 2026, the price of oil using the Brent benchmark is $75.57 per barrel, down $2.47 from the previous day but up $7.40 compared to the same time last year. The article discusses factors influencing oil prices, including supply and demand dynamics, the role of the U.S. Strategic Petroleum Reserve during emergencies, and the relationship between oil and natural gas prices.