Oil price
Oil prices record the longest weekly decline in 5 years
|
Recorded for the 7th consecutive week of decline, oil prices this week marked the longest weekly decline in half a decade.
Oil prices accelerate, increase by more than 2% in the last session of the week
|
In the trading session on December 9 (Vietnam time), oil prices continued to increase after US data supported demand growth expectations.
Oil prices recover after falling to 6-month low
|
The trading session on December 8 (Vietnam time), although slightly increased, oil prices are still heading for the 7th week of decline as they have always maintained a downward momentum since OPEC+ announced production cuts.
Oil prices drop to new level, domestic gasoline prices may decrease further this afternoon
|
In the trading session on December 7 (Vietnam time), oil prices fell sharply due to concerns about weak demand in major markets. Domestic gasoline prices are expected to decrease by about 300-500 VND/liter (kg) this afternoon.
Russia says relations with two close US allies are at unprecedented high
|
Russian President Vladimir Putin has just made a trip to Saudi Arabia and the UAE - two close allies of the US in the Middle East.
World oil price drops to 5-month low
|
In the trading session on December 6 (Vietnam time), world oil prices continued to be under pressure to decrease as the market increasingly worried about increased supply, while demand remained low.
Turning down, oil prices slide to $80/barrel
|
In the trading session on December 5 (Vietnam time), oil prices decreased by more than 1% in the context of traders worried about OPEC+'s production cuts in the first quarter of 2024.
Brent oil price may reach 100 USD/barrel next year
|
At the beginning of the trading session of the week on December 4 (Vietnam time), oil prices recovered after falling for 6 consecutive weeks.
Oil prices continue to plummet after OPEC+'s decision
|
In the trading session on December 2 (Vietnam time), oil prices continued to decrease by more than 2% due to market caution with the latest output cut by OPEC+ and stagnant production activities in the world.
Oil prices increase ahead of OPEC+ meeting
|
The possibility of OPEC+ extending or cutting supply further and the weak USD are factors that pushed oil prices up in the trading session on November 29 (Vietnam time).
Oil prices continue to decline ahead of OPEC+ meeting
|
In the first trading session of the week on November 27 (Vietnam time), oil prices continued to plummet right before the OPEC+ meeting. Brent oil prices retreated to nearly 80 USD/barrel.
Oil prices continue to fall after OPEC+'s decision to postpone the meeting schedule
|
In the trading session on November 24, oil prices fell by about 1% because they expect OPEC+ not to cut production further next year after the producer group postponed the policy meeting scheduled for this weekend.
World and domestic oil prices both decreased
|
In the trading session on November 23 (Vietnam time), oil prices fell nearly 1% due to the surprise delay of OPEC+ producers at the meeting on production cuts. Domestic gasoline prices are expected to decrease by about 100-500 VND/liter (kg).
Oil prices increase sharply after hitting bottom
|
On November 18 (Vietnam time), oil prices recovered after reaching a 4-month low due to US sanctions on a number of Russian oil transport companies.
Oil price slides to 80 USD/barrel
|
In the trading session on November 17 (Vietnam time), oil prices fell nearly 5% to a 4-month low, as investors worried about global oil demand after data from the US and Asia.