According to Reuters, oil prices rise on Monday even when investors consider the latest tariff threat of US President Donald Trump. This time, the tax is proposed for all imported steel and aluminum items, which can negatively affect global economic growth and energy demand.
According to a survey at 9:20 pm on 10.2 (Vietnam time), WTI oil price increased by 0.46 USD/barrel (0.65%), reaching 71.46 USD/barrel. Brent oil price also increased by 0.49 USD/barrel (0.66%), to 75.15 USD/barrel.
The oil market recorded a third consecutive discount last week due to concerns about the risk of global trade war.
President Trump announced that it would announce a 25% tax rate for all steel and aluminum imported into the United States in a trade -off move. According to Tony Sycamore, analyst at IG (Sydney), investors seem to ignore this tariff threat in the short term, especially after Trump's concession last week.
Mr. Tony Sycamore said: "The market is aware that tariff debates may continue in the weeks and next month. In addition, it is also likely that the tax rates will be canceled or adjusted in the future. near the".
In a relevant development, on Sunday, President Trump announced that the United States was gaining progress with Russia in terminating conflict in Ukraine but refused to provide detailed information about the exchange between him and Russian President Vladimir Putin.
Punishment commands applied to Russian oil trading activities from October 10 have interrupted oil supply to large customers like China and India. Last week, Washington also increased pressure on Iran when the US Department of Finance imposed new sanctions on some individuals and oil ships, accusing them to help transport millions of crude oils of Iran to Trung to Trung to Trung to Trung National every year.
During the adjustment period 6.2, the price of E5 RON 92 gasoline increased by 51 VND/liter to 20,442 VND/liter, while RON 95-III gasoline fell 74 VND/liter, to 20,928 VND/liter.
The price of oil products also decreased simultaneously. In particular, 0.05S diesel oil costs 19.054 VND/liter (down 192 VND/liter); Galat oil has a new price of 19,414 VND/liter (down 25 VND/liter); Mazut oil costs 17,354 VND/kg (down 148 VND/kg).
The retail price of domestic petrol and oil will be adjusted by the Ministry of Finance and Industry and Trade at the price operating period on the afternoon of February 13. According to a representative of a petroleum trading enterprise, due to the decrease in world gasoline prices last week, it is likely that domestic gasoline prices will continue to decrease. In particular, petrol price decreased by VND 200-300/liter; Oil decreased by VND 250-350/liter.
However, if the world gasoline price increases sharply in the upcoming sessions, domestic prices may fluctuate.
