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Current price of oil as of August 20, 2026

By 6:15 a.m. Eastern Time today, oil had reached $95.40 per barrel, measured using the Brent benchmark. That’s $1.80 more than it cost yesterday morning and $28.19 above its price a year earlier. Oil price per barrel % Change Price of oil yesterday $93.60 +1.92% Price...

AI is becoming a financial engineering business

What happens when large language models become commodities? Competitive advantage moves from the model itself to the balance sheet behind it. AI is now reversing 20 years of technology economics, turning what was once a software business into a capital-intensive...