Specifically, Brent oil prices decreased by 0.21% to 81.30 USD/barrel. At the same time, US WTI oil prices fell 0.24%, down to 77.68 USD/barrel.
Oil prices this week were affected by strikes in the UK and Iran.
According to Oilprice, more than 1,000 foreign workers in the UK will start a 48-hour strike today over salary issues.
This strike could disrupt oil and gas production activities of BP, CNRI, EnQuest, Harbour, Ithaca, Shell, TAQA and TotalEnergies. This is the second of a series of strikes planned to start on March 29 and last until June 7.
Last weekend, workers in Iran's oil, gas and chemical industries also went on strike demanding a salary increase.
In addition, fluctuations in US gasoline reserves last week were also a factor affecting oil prices this week.
According to the US Energy Information Administration (EIA), US crude oil reserves have fallen by 4.6 million barrels while gasoline inventories have unexpectedly increased by 1.3 million barrels.
Last week, data showed that China's GDP in the first quarter of 2023 grew by 4.5%, exceeding experts' forecast of 4%.
Phil personal, an analyst at Price Futures Group, commented that the big picture of China's growth still shows a market lacking supply.
According to experts, tightening supply is likely to push oil prices up in the medium term. In addition, uncertainty over demand, especially in the coming summer, will continue to put pressure on oil prices.
Domestic retail prices of petroleum on April 24 are specifically as follows: E5 RON 92 gasoline is not more than VND 22,680/liter; RON 95 gasoline is not more than VND 23,630/liter; diesel is not more than VND 19,390/liter; kerosene is not more than VND 19,480/liter; mazut is not more than VND 15,649/kg.
