Gasoline prices
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.
Supply shortage causes oil prices to reverse to increase by nearly 2%
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In the trading session on July 28 (Vietnam time), oil prices climbed, supported by scarce supply after OPEC+ cut production, new growth prospects for China's demand as well as global growth.
Increased interest rates cause oil prices to continue to decrease
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In the trading session on July 27 (Vietnam time), oil prices continued to plummet after the US Federal Reserve (Fed) increased interest rates by 25 percentage points.
Oil prices drop after hitting 3-month high
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In the trading session on July 26 (Vietnam time), world oil prices reversed and decreased after increasing to a 3-month high.
Exceeding 82 USD/barrel, world oil prices will increase in the second half of the year
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In the trading session on July 25 (Vietnam time), oil prices increased to a nearly 3-month high due to tight supply, increased demand and expectations of China's stimulus measures.
Demand optimism causes oil prices to continue to increase
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In the trading session on July 24 (Vietnam time), oil prices increased slightly in the context of the market expecting the US Federal Reserve (Fed) to soon stop raising interest rates and increased concerns about supply shortages in the coming months.
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%.
Tight supply pushes oil prices above $80/barrel
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The trading session on July 22 (Vietnam time), due to the risk of a shortage of supply in the coming months, oil prices increased sharply.
Domestic gasoline prices may increase by VND1,000/liter
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In the trading session on July 21 (Vietnam time), world oil prices continued to be supported by tight supply and increased crude oil imports from China. Domestic oil prices are expected to increase by about 400-1,000 VND/liter (kg).
Optimistic economic signals make oil prices continue to increase
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In the trading session on July 20 (Vietnam time), oil prices increased slightly in the context of tightening US crude oil supply and committing to restore China's economic growth.
Starting the trading week in red, oil prices slid to $80/barrel
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In the trading session on July 17 (Vietnam time), oil prices plummeted by nearly 1% due to increased concerns that the US Federal Reserve (Fed) will increase interest rates at its meeting later this month.
Oil prices hit a 3-month high
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On July 14 (Vietnam time), oil prices continued to increase after US inflation data showed that interest rates in the world's largest economy were close to bottom.
Oil prices increase sharply, surpassing the mark of 80 USD/barrel
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In the trading session on July 13 (Vietnam time), oil prices increased after US inflation data. Notably, this is the first time since May this year that Brent oil prices have exceeded $80/barrel.
Oil prices hit a 10-week high
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The decrease in the USD, high demand expectations while supply decreased pushed oil prices up in the trading session on July 12 (Vietnam time).
Domestic oil prices will increase by 300 VND/liter
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In the trading session on July 11 (Vietnam time), world oil prices decreased due to concerns about the US increasing interest rates at the US Federal Reserve (Fed) meeting at the end of this month. Domestic gasoline prices are expected to increase by 200-300 VND/liter (kg).
