Oil Price Drops to $81.55 per Barrel as of June 16, 2026
As of June 16, 2026, the price of oil based on the Brent benchmark is trading at $81.55 per barrel, down from yesterday's level and showing a year-over-year increase. The drop in prices follows a peace deal with Iran that led to the reopening of the Strait of Hormuz.
Topics: Brent crude gas prices market trends oil