World oil prices today
World gasoline and oil prices continue to fluctuate significantly. At the end of yesterday's trading session (September 2), WTI and Brent oil prices increased by 0.9% and 1% respectively.
By this morning's session, the two oil commodities fluctuated in opposite directions. At 8:31 am (Vietnam time), WTI oil price was at 90.85 USD/barrel, down 0.16 USD/barrel, equivalent to a decrease of 0.18%. WTI oil price closed the previous trading session at 91.01 USD/barrel, and opened today's session at 90.71 USD/barrel.
Brent oil was at 95.32 USD/barrel, up 0.07 USD/barrel, equivalent to an increase of 0.07%. Brent oil closed the previous trading session at 95.25 USD/barrel, and opened today's session at 95.24 USD/barrel.
World oil prices continued the upward trend in Wednesday's session after hitting their highest level in more than a month. The market is struggling as investors consider the risk of supply disruptions due to new attacks between the US and Iran with signs that crude oil continues to be released to the market.
The US and Iran have returned to a state of military confrontation after the most intense clashes in weeks. Washington also warned that it could launch attacks that cause more severe damage to Iran.
Meanwhile, the Iranian Islamic Revolutionary Guards warned that US attacks would further restrict traffic through the Strait of Hormuz.
The Strait of Hormuz is a strategic shipping route, which used to transport about 1/5 of global oil consumption before the conflict broke out. Currently, the operation of commercial ships through this route has been blocked by Iran, increasing concerns about the risk of disruption of oil supply from the region.
Domestic gasoline prices today
On September 3rd, 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 27.
Gasoline and oil discount today
- Tu Luc Petroleum Joint Stock Company 1:
+ Diesel oil 0.05S - II: 500 VND/liter;
+ Diesel oil 0.001S - V: 900 VND/liter;
+ E10 RON 95-III gasoline: 200 VND/liter
+ E15 RON 92-II gasoline: 200 VND/liter
- MIPEC Petroleum Trading and Trading Co., Ltd. - MIPEC Petro (applied to the Northern region):
+ E10 gasoline: 200 VND/liter.
+ Diesel oil 0.05S-II: 1,000 VND/liter.
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 adjust in opposite directions.
In which:
- E10 gasoline increases by about 700 VND/liter
- E5 RON 92 - II gasoline increased by about 740 VND/liter;
- Diesel oil decreased by about 330 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.
