World oil prices today
World oil prices unexpectedly reversed and increased sharply after a series of deep declines last weekend. At 8:08 am (Vietnam time), WTI oil prices reached 92.35 USD/barrel, up 1.81 USD/barrel, equivalent to 2% compared to the previous session. Previously, WTI oil closed at 90.54 USD/barrel and opened a new trading session at 93 USD/barrel.
Meanwhile, Brent oil price rose to 95.46 USD/barrel, up 2.36 USD/barrel, equivalent to 2.55%. Brent oil closed the previous session at 95.03 USD/barrel and opened today's session at 95.29 USD/barrel.
Thus, the current increase has completely compensated for the 2% decline recorded in the last session of last week. According to analysts, the prospect of reaching a peace agreement between the US and Iran is becoming increasingly fragile as a factor supporting the recovery of Brent oil prices as well as natural gas in Europe in recent days.
However, the upward momentum of oil prices is still limited by high inventory levels, more flexible export activities, and consumption demand showing signs of slowing down. In addition, market sentiment is still affected by conflicting information related to the geopolitical situation in the Middle East.
Regarding supply, the Organization of the Petroleum Exporting Countries (OPEC) continues to maintain an optimistic view of global energy demand prospects, forecasting an increase of about 1.2 million barrels/day this year despite instability in the Middle East. This is considered one of the factors supporting oil prices in the medium and long term.
In the opposite direction, Iran's oil exports have fallen to their lowest level in 6 years due to the impact of transport control measures and disruptions to maritime activities. This development has increased concerns about oil supply in the market, thereby continuing to support the recovery momentum of oil prices.
Domestic gasoline prices today
On June 8, 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 gasoline and oil in the country mentioned above was adjusted by the inter-Ministry of Industry and Trade - Finance from 3 pm on June 4. In which the gasoline price decreased sharply by nearly 1,500 VND/liter, and diesel oil decreased by nearly 800 VND/liter.
Gasoline and oil discount today
- Tu Luc Petroleum Joint Stock Company 1:
+ Diesel oil 0.05S - II: 300 VND/liter;
+ Diesel oil 0.001S-V: 300 VND/liter.
+ E10 RON 95-III gasoline: 600 VND/liter
+ E5 RON 92 - II gasoline: 600 VND/liter
- Hoang Trong General Trading Co., Ltd.:
+ Hai Linh Warehouse, Hai Phong: Diesel Oil 0.05S: 400 VND/liter; E10 RON 95-III gasoline: 550 VND/liter.
+ Bac Ninh Warehouse: Diesel Oil 0.05S: 300 VND/liter; E10 RON 95-III gasoline: 450 VND/liter.
- MIPEC Petroleum Trading and Trading Co., Ltd. - MIPEC Petro (applied to the Northern region):
+ E10 RON 95 - III gasoline: 100 VND/liter.
+ Diesel oil 0.05S-II: 300 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.
