The Oil Price Rollercoaster: A Tale of Volatility The recent price of oil has been a rollercoaster ride, with Brent crude hovering around $89. 53 per barrel as of August 14, 2026.
This relatively stable price point belies the fact that oil prices have always been subject to wild fluctuations. Oil prices are influenced by a complex array of factors beyond surface level supply and demand.
Wars, recessions, OPEC decisions, evolving energy initiatives, and policies all play a significant role in shaping the price of crude.