In the morning session of July 23, Brent oil price decreased by 23 cents, equivalent to 0.3%, to 82.4 USD/barrel, the lowest level since June 11. And WTI decreased 35 cents to 79.78 USD/barrel - the lowest level in a month.
Experts said that at the end of the first trading session of the week (July 22), oil prices continued to fall slightly to the lowest level in more than a month, as investors focused on increased reserves and signs of demand. weak demand.
According to analysts, China, the top oil importer, surprised the market by lowering short-term policy interest rates and benchmark lending rates to boost the economy. However, this move did not support oil prices.
Domestically, according to a representative of a petroleum business, domestic gasoline prices will fluctuate according to the world petroleum situation. It is forecasted that in the next price management period (Thursday, July 25), E5RON92 gasoline price will decrease by 220 VND/liter; RON 95 gasoline reduced by 230 VND/liter; DO oil is likely to decrease by 310 VND/liter. If the above forecast is correct, this will be the third consecutive operating period decrease.
If the executive agency, the Ministry of Industry, Trade and Finance, spends money on the gasoline price stabilization fund , the decrease will be stronger; on the contrary, if the executive agency appropriates the gasoline price stabilization fund, the gasoline price will remain stable. compared to the previous adjustment period.
From the beginning of the year until now, since the price management session on January 4, gasoline prices have increased 16 times and decreased 13 times. Oil products increased 15 times and decreased 14 times.
On July 23, Petrolimex's retail price of gasoline in region 1 market (near ports, warehouses, refineries...) was announced as follows: RON 95-V gasoline 23,700 VND/liter, RON 95-III gasoline 23,170 VND/liter, E5 RON92 gasoline 22,170 VND/liter, diesel oil 20,700 VND/liter, kerosene 20,660 VND/liter, fuel oil 17,610 - 20,600 VND/kg (wholesale price).
