High‐precision secondary ion mass spectrometry (SIMS) was employed to investigate oxygen three isotopes of phenocrysts in 35 chondrules from the Yamato (Y) 82094 ungrouped 3.2 carbonaceous chondrite. Twenty‐one of 21 chondrules have multiple homogeneous pyroxene data (∆17O 3SD analytical uncertainty: 0.7‰); 17 of 17 chondrules have multiple homogeneous pyroxene and plagioclase data. Twenty‐one of 25 chondrules have one or more olivine data matching coexisting pyroxene data. Such homogeneous phenocrysts (1) are interpreted to have crystallized from the final chondrule melt, defining host O‐isotope ratios; and (2) suggest efficient O‐isotope exchange between ambient gas and chondrule melt during formation. Host values plot within 0.7‰ of the primitive chondrule mineral (PCM) line. Seventeen chondrules have relict olivine and/or spinel, with some δ17O and δ18O values approaching −40‰, similar to CAI or AOA‐like precursors. Regarding host chondrule data, 22 of 34 have Mg#s of 98.8–99.5 and ∆17O of −3.9‰ to −6.1‰, consistent with most Acfer 094, CO, CR, and CV chondrite chondrules, and suggesting a common reduced O‐isotope reservoir devoid of 16O‐poor H2O. Six Y‐82094 chondrules have ∆17O near −2.5‰, with Mg#s of 64–97, consistent with lower Mg# chondrules from Acfer 094, CO, CR, and CV chondrites; their signatures suggest precursors consisting of those forming Mg# ~99, ∆17O: −5‰ ± 1‰ chondrules plus 16O‐poor H2O, at high dust enrichments. Three type II chondrules plot slightly above the PCM line, near the terrestrial fractionation line (∆17O: ~+0.1‰). Their O‐isotopes and olivine chemistry are like LL3 type II chondrules, suggesting they sampled ordinary chondrite‐like chondrule precursors. Finally, three Mg# >99 chondrules have ∆17O of −6.7‰ to −8.1‰, potentially due to 16O‐rich refractory precursor components. The predominance of Mg# ~99, ∆17O: −5‰ ± 1‰ chondrules and a high chondrule‐to‐matrix ratio suggests bulk Y‐82094 characteristics are closely related to anhydrous dust sampled by most carbonaceous chondrite chondrules.