World oil prices
Oil prices hit a monthly low
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In the trading session on April 26 (Vietnam time), oil prices plummeted due to concerns about economic recession that overwhelmed China's hopes for higher demand.
The prospect of increased demand causes oil prices to climb
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In the trading session on April 25 (Vietnam time), oil prices turned to increase after investors were optimistic that fuel demand in China will be boosted during the upcoming holiday in this East Asian country.
Oil prices continue to plummet after a sharp decline this week
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Reversing the increase of the trading session at the end of last week, oil prices started the new week on April 24 (Vietnam time) in red. Brent oil prices gradually decreased to 81 USD/barrel.
Oil prices drop more than 5% due to pressure on USD strengthening
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The pressure from the US dollar has increased, investors considering the possibility of the US Federal Reserve (Fed) raising interest rates has caused oil prices to plummet this week. Overall, Brent oil prices fell 5.4% for the whole week, and WTI oil prices also fell by 5.6%.
Oil prices reverse and increase thanks to positive economic data
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In the trading session on April 22 (Vietnam time), oil prices reversed and increased thanks to positive economic data in the eurozone.
Economic recession pressure pushes oil prices to 3-week low
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In the trading session on April 21 (Vietnam time), oil prices plummeted due to concerns about an economic downturn that could reduce fuel demand.
Pressure from the stronger US dollar pushes oil prices down
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In the trading session on April 20 (Vietnam time), oil prices plummeted due to the strengthening of the USD due to concerns that the interest rate increase of the US Federal Reserve (Fed) could limit energy demand in the world's leading oil consumer country.
Oil prices move sideways waiting for signs of recovery
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In the trading session on April 19 (Vietnam time), oil prices moved sideways as optimistic economic data in China compensated for concerns that the possibility of a US interest rate hike could reduce growth in this world's leading oil consuming country.
Strong pressure on the US dollar causes oil prices to plummet
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In the trading session on April 18 (Vietnam time), oil prices fell nearly 2 USD due to the stronger USD, causing investors to worry about the possibility of the US Federal Reserve (Fed) raising interest rates in May, which could reduce hopes for economic recovery.
Oil prices continue to increase after a strong increase
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The increase has not shown any signs of cooling down as oil prices started the new week on April 17 (Vietnam time) in green.
Tight supply drives oil prices up
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The IEA's warning about a shortage of oil supply pushed oil prices down in the trading session on April 15 (Vietnam time).
Traders take profits, oil prices turn to decrease
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On April 14 (Vietnam time), OPEC's warning of uncertainty in demand in the summer along with traders taking profits after two oil products increased to their highest level in many months in the previous session, pushing oil prices down.
cooling inflation data drives oil prices to increase sharply
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In the trading session on April 13 (Vietnam time), oil prices increased sharply due to the cooling of US inflation data, fuelling hopes that the US Federal Reserve (Fed) will soon end the interest rate increase cycle.
Expectations of reduced interest rates push up oil prices
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In the trading session on April 12 (Vietnam time), oil prices increased by about 2% in the hope that the US Federal Reserve (Fed) could loosen tightening policies after the US inflation report.
The upward trend slowed down, oil prices fell below $85/barrel
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In the trading session on April 11 (Vietnam time), oil prices plummeted due to concerns that the US Federal Reserve (Fed) will continue to increase interest rates, which could limit demand in the context of a tighter market due to OPEC+ producers cutting supply.