World oil prices today
World gasoline and oil prices continued to increase, ending yesterday's trading session (August 19), WTI and Brent oil prices increased by 1.1% and 0.7% respectively.
By this morning's session, both oil commodities continued the upward trend. At 8:08 am (Vietnam time), WTI oil price was at 84.74 USD/barrel, up 0.35 USD/barrel, equivalent to an increase of 0.41%. WTI oil price closed the previous trading session at 84.39 USD/barrel, and opened today's session at 84.65 USD/barrel.
Brent oil was at 92.16 USD/barrel, up 0.55 USD/barrel, equivalent to an increase of 0.60%. Brent oil closed the previous trading session at 91.61 USD/barrel, and opened today's session at 91.60 USD/barrel.
This is the highest closing price for Brent and WTI oil since July 24.
World oil prices rose to their highest level in nearly 4 weeks in the trading session on August 19, after the United Arab Emirates (UAE) announced the suspension of all trade and financial transactions with Iran, amid the continued complicated developments in the Middle East region, increasing concerns about the risk of supply disruption.
Previously, on August 18, President Donald Trump said that the US did not conduct and did not plan to negotiate with Iran, and affirmed that the Strait of Hormuz is operating normally. However, Iran declared that this vital maritime route is still closed.
Meanwhile, fighting between Yemeni government forces and Houthi continues with attacks by missiles and UAVs in many areas.
This escalation comes after recent Houthi missile and UAV attacks targeting government-controlled areas in Yemen, including the port city of Mocha on the Red Sea coast, Marib province, as well as oil facilities in Saudi Arabia.
Domestic gasoline prices today
On August 20, retail gasoline and oil prices according to the price list announced by Petrolimex in region 1 and region 2 are as follows:
The above domestic retail gasoline and oil prices are adjusted by Petrolimex according to the inter-ministry of Industry and Trade - Finance's management period from 3:00 PM on August 13.
Domestic gasoline and oil price forecast for the next period
According to a representative of a gasoline and oil business, it is predicted that in the next price adjustment period, retail gasoline and oil prices may increase.
In which:
- E10 gasoline increases by about 740 VND/liter
- E5 RON 92 - II gasoline increased by about 780 VND/liter;
- Diesel oil increased by about 1,480 VND/liter.
Today's gasoline and oil prices are for reference only and may change according to market developments.
Refer to more articles about gasoline and oil prices HERE.
