World oil prices today
World oil prices continue to fluctuate sharply.
In the last trading session of the week, oil prices simultaneously decreased at the beginning of the session but then quickly reversed to increase. At the end of the last trading session of the week, WTI oil price was at 96.60 USD/barrel, up 0.25 USD/barrel, equivalent to an increase of 0.26%. WTI oil price closed the previous trading session at 96.35 USD/barrel and opened the last trading session at 97.66 USD/barrel.
Brent oil price was at 103.54 USD/barrel, up 0.96 USD/barrel, equivalent to an increase of 0.94%. Brent oil price closed the previous trading session at 102.58 USD/barrel and opened the weekend session at 104.62 USD/barrel.
According to analysts, oil prices rose in the last trading session of the week due to investors' concerns that the US and Iran are unlikely to reach a peace agreement, making transportation through the Strait of Hormuz unlikely to return to normal soon.
However, some signs indicate that disagreements between Tehran and Washington are gradually narrowing. US Secretary of State Marco Rubio also mentioned "some positive signs" in the negotiation process.
There has been some progress. I don't want to exaggerate, but I also don't want to underestimate it. There is still much work to be done. We have not achieved the goal, but I hope to achieve it," Mr. Marco Rubio told reporters after a meeting of NATO foreign ministers in Sweden.
The US currently maintains regular contact with Pakistan - a country that is playing a mediating role in promoting dialogue with Iran. However, there are still many disagreements between the parties regarding Tehran's uranium reserves as well as the control of the Strait of Hormuz.
Analysts believe that global oil inventories are decreasing at an alarming rate, as oil traffic through the Strait of Hormuz remains very low.
Domestic gasoline prices today
On May 23, retail gasoline and oil prices according to the price list announced by Petrolimex in region 1 and region 2 are as follows:
The above-mentioned domestic retail gasoline and oil prices were adjusted by the inter-ministry of Industry and Trade - Finance from 3 pm on May 21.
Gasoline and oil discount today
- Tu Luc Petroleum Joint Stock Company 1:
+ Diesel oil 0.05S - II: 600 VND/liter;
+ Diesel oil 0.001S-V: 750 VND/liter at Duc Giang warehouse;
+ E10 gasoline: 1,450 VND/liter.
- Hoang Trong General Trading Co., Ltd.:
+ Hai Linh warehouse, Nghi Son: RON 95 - III gasoline: 1,500 VND/liter.
+ Bac Ninh warehouse: RON 95 - III gasoline: 1,350 VND/liter.
+ Petec Warehouse, Dinh Vu: Diesel Oil 0.01S: 600 VND/liter; E10 gasoline: 1,400 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.
