Oil price per barrel % Change Price of oil yesterday $95.47 +3.16% Price of oil 1 month ago $78.80 +24.98% Price of oil 1 year ago $68.91 +42.92% Price of oil yesterday Oil price per barrel $95.47 % Change +3.16% Price of oil 1 month ago Oil price per barrel $78.80 % Change +24.98% Price of oil 1 year ago Oil price per barrel $68.91 % Change +42.92%Will oil prices go up? How oil and natural gas prices are linkedOil and natural gas are two of the main fuels that keep the world running. Historical performance of oilThe oil market typically tracks two benchmarks:Brent crude oil (the main global oil benchmark)(the main global oil benchmark) West Texas Intermediate (WTI) (the main benchmark of North America)Between the two, Brent offers a clearer view of global oil performance because it prices much of the world’s traded crude. As long as people and companies are trading contracts, the oil price is changing. How does U.S. shale oil production affect the current price of oil?