World oil prices today
World oil prices today rebounded sharply. At 10:09, WTI crude oil was at 74.53 USD/barrel, up 0.28 USD/barrel, or down 0.38%. WTI crude oil closed the previous trading session at 74.25 USD/barrel, opening today's session at 74.56 USD/barrel.
Brent crude oil was at $77.30 a barrel, up $0.25 a barrel, or 0.32 percent. Brent crude oil closed the previous session at $77.05 a barrel and opened today at $77.27 a barrel.
Thus, world oil prices are on a strong upward trend. At the end of yesterday's trading session (January 7), Brent and WTI oil prices increased by 0.98% and 0.94%, respectively. The upward trend continued in this morning's session.
Oil prices rose on expectations of improved demand from holiday travel and economic commitments in China, while cold weather in the United States and Europe boosted heating oil demand, although gains were capped by weak global economic data, analysts said.
Weighing on oil prices was higher inflation in Germany, raising concerns the European Central Bank may not cut interest rates across the eurozone as quickly as expected.
Another factor, according to analysts, is that the technical indicators for oil futures are currently in overbought territory and sellers are looking to step back in to capitalize on this strength, limiting the upside momentum.
Domestic gasoline prices today
On January 8, retail gasoline prices according to the price list announced by Petrolimex in regions 1 and 2 (46 provinces and cities currently applying) are as follows:
The above domestic retail prices of gasoline and oil were adjusted by the Ministry of Finance - Industry and Trade in the price management session on the afternoon of January 2, 2025. Accordingly, the prices of all gasoline and oil products increased. E5 RON 92 gasoline increased by VND 240/liter, RON 95-III gasoline increased by VND 199/liter, diesel increased by VND 125/liter, kerosene increased by VND 126/liter, and fuel oil increased by VND 129/kg.
Gasoline discount today
Discount prices of petroleum products today, January 8, at some domestic petroleum businesses are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 900 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 850 VND/liter, applied at Hai Linh warehouse, Hai Phong; Diesel 0.05S - II: 750 VND, applied at Bac Ninh warehouse; RON 95 - III gasoline: 700 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 700 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Discount on Diesel 0.05S-II: 900 VND/liter; Diesel 0.001S-V: 850; RON 95 - III gasoline: 850 VND/liter; E5 gasoline: 800 VND/liter.
MIPEC Gasoline: Discount on RON 95 - III gasoline: 600 VND/liter; E5 gasoline: 600 VND/liter; Diesel 0.05S-II: 800 VND/liter. Applicable to the Northern region.
Forecast of domestic gasoline prices next period
According to a representative of a petroleum business, domestic petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the next price adjustment period, petroleum prices will continue to increase. Of which, gasoline prices will increase by about 300-400 VND/liter; oil prices will increase by about 450-500 VND/liter.
Today's gasoline prices are for reference only and may change according to market conditions without prior notice. Readers should consider carefully when using the information in this newsletter.
See more articles about gasoline prices HERE.
