4 August 2026 at 3:44 pm
Summary
As of August 4, 2026, oil is trading at $89.81 per barrel, an increase of $2.43 from yesterday and $20.50 from a year ago. The article explains factors influencing oil prices, including supply and demand, geopolitical events, and the role of the U.S. Strategic Petroleum Reserve, while also detailing historical price volatility.
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