Oil price

Supply decreases, oil prices exceed 85 USD/barrel

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In the trading session on August 30 (Vietnam time), oil prices increased sharply in the context of the USD plummeting and concerns about reduced supply.

The biggest drop in oil prices since the beginning of 2023

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Concerns about China's slow economic recovery and the strengthening of the US dollar are the main factors that caused oil prices to suddenly increase sharply this week, experiencing the first week of price decline in 8 weeks. Overall, Brent and WTI oil prices have both decreased by nearly 3% for the whole week.

Supply scarcity pushes oil prices higher

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In the trading session on August 19 (Vietnam time), oil prices increased by about 1% due to signs of decreasing US output.

extending the decline, oil prices fell to 83 USD/barrel

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In the trading session on August 17 (Vietnam time), oil prices continued to plummet despite a sharp decrease in US crude oil reserves.

Oil prices continue to fall after China lowers interest rates

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In the trading session on August 16 (Vietnam time), oil prices fell after China's information about cutting interest rates in the context of the economy still developing slowly.

Risk of recession decreases, oil prices exceed 84 USD/barrel

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trading session on July 29 (Vietnam time), concerns about a global recession eased after positive economic data pushed world oil prices to a 3-month high.

Oil price increases for the fourth consecutive week

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During the week, Brent oil prices increased beyond the 80 USD/barrel mark, WTI oil reached 77.07 USD/barrel. For the whole week, Brent oil prices increased by about 1.2%, WTI oil increased by nearly 2%.

Oil prices hit a 9-week high

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Concerns about supply and technical purchasing power pushed oil prices skyrocket in the trading session on July 8 (Vietnam time).

Tight supply pushes up oil prices

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In the trading session on July 1 (Vietnam time), oil prices continued to increase in the context of tight supply.

Oil prices may increase to 80 USD/barrel

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In the trading session on June 17 (Vietnam time), oil prices continued to increase, affected by increased demand from China and supply cuts by OPEC+.

Increased consumption demand and reserves fuel oil prices

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In the trading session on May 10 (Vietnam time), oil prices continued to increase in the context of higher seasonal demand.

Russia's move causes the US to run out of oil

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The US continues to export strategic oil reserves to compensate for cutting Russia's oil production, despite depleted reserves.

Russia's policy to limit damage from oil exports

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Russia is considering taxing oil companies based on Brent oil prices instead of Urals to limit negative impacts on budget revenue.

US oil reserves increase sharply, causing world oil prices to drop

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In the trading session on January 25 (Vietnam time), world oil prices fell simultaneously as US oil reserves increased by 3 times compared to the forecast in previous polls.

Korean Oil and Gas Company gives 1,000% Tet bonus

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A Korean oil and gas company gives employees a 1,000% Tet bonus in 2022 due to a breakthrough in profits during the year due to high world oil prices.