Oil prices rise to $116.03 per barrel
- 1As of October 23, 2026, at 7:15 AM ET, oil prices recorded $116.03 per barrel.
- 2Prices rose by $2.82 compared to yesterday morning and increased by approximately $50 compared to one year ago.
- 3The Trump administration moved to resume leasing over 1.5 million acres of oil and gas lands in the Arctic National Wildlife Refuge coastal plain in 2025.
So what's the key point?
Oil prices rose to $116.03 per barrel. Prices increased as the Trump administration decided to resume leasing land for oil and gas drilling.
Source Fortune · View original ↗
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