Gasoline prices
Domestic gasoline prices may increase by 400 - 600 VND/liter
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In the trading session on May 31 (Vietnam time), oil prices plummeted in the context of investors worrying about the possibility of a US debt ceiling deal still facing obstacles and the US Federal Reserve (Fed) may soon increase interest rates.
Oil prices extend their increase streak since last week
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The trading session on May 29 (Vietnam time) reached an agreement on the principle of increasing the US debt ceiling, which promoted oil prices to climb.
Oil prices tend to recover thanks to reduced supply
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In the trading session on May 27 (Vietnam time), oil prices climbed and were affected by developments in the US debt ceiling agreement and mixed opinions on supply from Russia and Saudi Arabia before the OPEC+ policy meeting.
Potential low production cuts push oil prices down
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On May 26 (Vietnam time), oil prices plummeted after Russian Deputy Prime Minister Alexander Novak lowered OPEC+'s prospects for further output cuts at next week's meeting.
Oil prices continue to increase as supply tightens
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In the trading session on May 25 (Vietnam time), oil prices continued to increase as the market received information about US crude oil reserves unexpectedly falling sharply and warnings from the Saudi Arabian Energy Minister increased the possibility of OPEC+ cutting production.
Reduced reserves push oil prices higher
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In the trading session on May 24 (Vietnam time), oil prices continued to increase in the context of a tighter gasoline market and a warning from the Saudi Arabian Energy Minister to speculators increasing the possibility of further output cuts by OPEC+.
Concerns about the supply-demand gap pushing up oil prices
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In the trading session on May 23 (Vietnam time), the increase in oil prices was driven by the forecast of increased oil demand in the second half of the year, while supply from Canada and OPEC+ has decreased in recent weeks.
China rescues $5 billion oil pipeline
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Chinese banks are among those rescuing the $1 billion pipeline in Africa after Western financial firers left.
USD increases, oil prices plummet
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On May 19 (Vietnam time), oil prices plummeted after US economic data pushed the USD up to a 2-month high due to expectations that the US Federal Reserve (Fed) could raise interest rates.
Disillusioned with demand, oil prices reverse and increase
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In the trading session on May 18 (Vietnam time), oil prices increased by about 2 USD due to optimism about oil demand and negotiations on the US debt ceiling overwhelming concerns about supply.
Weak economic data pushes oil prices down
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In the trading session on May 17 (Vietnam time), oil prices turned down due to weaker-than-expected economic data in China and the US, despite the International Energy Agency (IEA)'s forecast of higher global demand.
Oil prices reverse to increase due to supply shortage
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In the trading session on May 16 (Vietnam time), the shortage of supply in Canada overwhelmed concerns about economic recession, pushing oil prices down. Brent oil price increased to more than 75 USD/barrel.
Oil prices continue to decline from last week
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In the trading session on May 15 (Vietnam time), oil prices continued to decrease due to growing concerns about the adverse impacts of the US economic downturn on goods according to the cycle and low economic data of China.
The plummeting oil price shows no signs of slowing down
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The strengthening of the USD and weak economic data from the US and China continued to push oil prices down in the session on May 13 (Vietnam time).
Weak economic data puts great pressure on world oil prices
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In the trading session on May 12 (Vietnam time), weak economic data from the US and China caused oil prices to continue to plummet.