World oil prices today
World gasoline and oil prices recorded a sharp weekly decrease. At the end of a trading week, WTI crude oil was at 96.60 USD/barrel last weekend, down to 87.36 USD/barrel this weekend. Overall last week, WTI oil decreased by 9.24 USD/barrel, equivalent to a decrease of 9.57% compared to the previous week.
Brent oil was at 103.54 USD/barrel last weekend, down to 92.05 USD/barrel this weekend. Overall last week, Brent oil decreased by 11.49 USD/barrel, equivalent to a decrease of 11.10% compared to the previous week.
Thus, Brent oil recorded the strongest weekly decrease in about 7 weeks, WTI oil also recorded the strongest decrease in 6 weeks, both oil commodities fell to the lowest level since mid-April.
According to analysts, investors are expecting the possibility that a ceasefire agreement between the US and Iran will be completed soon. The market believes that the process of reaching an agreement between the parties will take place relatively smoothly and quickly.
In addition, the fact that some Iranian military leaders assess the possibility of a re-ignition of hostilities as low also contributes to strengthening market confidence in the prospect of reaching a peace agreement in the near future. Maritime traffic through the Strait of Hormuz is also gradually being restored, increasing expectations that the world's vital energy transport route will soon reopen completely.
According to analysts, the above signals show that the risk of widespread conflict in the Middle East is showing signs of cooling down, thereby reducing concerns about the risk of disruption of global oil supply in the short term.
Experts also expect that if the US reaches an agreement with Iran and Tehran abandons its nuclear program, geopolitical risks in the Middle East will be significantly reduced. At that time, the "risk premium" that has pushed oil prices up sharply in the past time may gradually be removed from the market.
Domestic gasoline prices today
On May 31, retail gasoline and oil prices according to the price list announced by Petrolimex in region 1 and region 2 are as follows:
The retail price of domestic gasoline and oil mentioned above was adjusted by the inter-Ministry of Industry and Trade - Finance from 3 pm on May 28. Accordingly, the price of E5RON92 gasoline decreased by 1,082 VND/liter; RON95 gasoline decreased by 1,395 VND/liter; diesel oil 0.05S decreased by 1,110 VND/liter; mazut oil decreased by 1,041 VND/kg.
Gasoline and oil discount today
- Tu Luc Petroleum Joint Stock Company 1:
+ Diesel oil 0.05S - II: 1,250 VND/liter;
+ Diesel oil 0.001S-V: 1. 100 VND/liter at Duc Giang warehouse;
+ E5 RON 95 - III gasoline: 1,500 VND/liter.
+ E10 RON 92 - II gasoline: 1. 450 VND/liter.
- Hoang Trong General Trading Co., Ltd.:
+ Hai Linh Warehouse: Diesel oil 0.05S: 1,500 VND/liter; Gasoline RON 95 - III: 1,650 VND/liter.
+ Nghi Son Warehouse: Diesel oil 0.05S: 1. 400 VND/liter; Gasoline RON 95 - III: 1. 650 VND/liter.
+ Petec warehouse, Dinh Vu: Diesel oil 0.05S: 1. 250 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.
