The price of Brent crude oil stood at $87.41 per barrel as of August 26, 2026, representing a decrease of $2.80 from the previous day and a 29.86% increase compared to one year ago. Oil prices have declined 11.42% over the past month, dropping from $98.69 to the current level. The price of crude oil remains the largest single driver of gas pump prices, typically accounting for over half of each gallon’s cost. Supply and demand remain the main factors influencing oil price movements, while geopolitical tensions and economic conditions can cause sharp price fluctuations.
Source: Read the original article
