World oil prices today
World gasoline and oil prices reversed to increase after slightly decreasing in yesterday morning's session. At the end of the trading session on July 21, WTI and Brent oil prices both recorded an increase of 2%. This is the highest closing level of Brent oil prices since June 10 and WTI oil prices since June 11.
By this morning's session, both oil commodities continued the upward trend. At 7:22 am (Vietnam time), WTI oil price was at 84.69 USD/barrel, up 0.35 USD/barrel, equivalent to an increase of 0.41%. WTI oil price closed the previous trading session at 84.34 USD/barrel, and opened today's session at 84.63 USD/barrel.
Brent oil was at 91.54 USD/barrel, up 0.07 USD/barrel, equivalent to an increase of 0.08%. WTI oil closed the previous trading session at 91.47 USD/barrel, and opened today's session at 91.48 USD/barrel.
World oil prices rose sharply as markets worried about the increasing risk of energy supply disruptions in the Middle East, amid escalating conflict between the US and Iran, and the Houthi forces in Yemen declaring a maritime blockade against Saudi Arabia.
Besides geopolitical developments, the oil market is also awaiting the weekly oil inventory report of the American Petroleum Institute (API) and official data from the US Energy Information Administration (EIA). According to investor estimates, US crude oil inventories in the week ending July 17 decreased by about 500,000 barrels.
Domestic gasoline prices today
On July 22, 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 July 16.
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 1,500 VND/liter
- E5 RON 92 - II gasoline increased by about 1,600 VND/liter;
- Diesel oil increased by about 1,800 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.
