Gasoline prices
Increased recession causes oil prices to turn down
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In the trading session on June 28 (Vietnam time), oil prices plummeted by more than 2% due to concerns that interest rates will continue to increase, while US gasoline and crude oil reserves decreased during the peak summer driving season.
Supply interruption causes oil prices to increase
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In the trading session on June 27 (Vietnam time), oil prices increased in the context of concerns about the political situation in Russia affecting oil supply.
Economic recession continues to weigh on oil prices
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In the trading session on June 24 (Vietnam time), oil prices continued to decrease due to concerns about increased recession after the decision to raise interest rates by central banks and the strengthening of the USD.
Increased interest rates cause oil prices to drop dramatically
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In the trading session on June 23 (Vietnam time), oil prices were affected by the UK Central Bank's higher-than-expected interest rate increase, raising concerns about the economy and fuel demand.
Oil prices soar to a one-week high
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On June 16 (Vietnam time), a weak USD and retail sales in this country surged, pushing oil prices up to a one-week high.
Oil prices drop after signal of continuing to increase Fed interest rates
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In the trading session on June 15 (Vietnam time), oil prices fell significantly after the US Federal Reserve (Fed) expected to increase interest rates more this year, causing the market to worry about demand, especially in the context of strong increases in US crude oil reserves.
Retail prices of gasoline may increase slightly next week
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In the trading session on June 10 (Vietnam time), oil prices fell more than 1 USD due to weak economic data from the US and China, increasing concerns about demand growth after Saudi Arabia's decision to cut production.
Concerns about slow economic growth pushing oil prices down
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In the trading session on June 7 (Vietnam time), oil prices decreased due to concerns that global economic growth could slow down energy demand. This concern overwhelmed Saudi Arabia's commitment to cut production further last weekend.
World oil price may reach 100 USD/barrel
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In the trading session on June 6 (Vietnam time), oil prices continued to increase after the world's leading oil exporter Saudi Arabia pledged to cut production by 1 million barrels/day from July.
A series of factors supporting world oil prices to increase sharply
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In the trading session on January 2 (Vietnam time), oil prices were supported by news The US House of Representatives passed a debt ceiling bill, to compensate for the impact of increasing US gasoline reserves last week.
Many new factors cause world oil prices to decrease
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In the trading session on June 1 (Vietnam time), oil prices continued to decline and were pressured by a stronger USD, weak data from China's leading oil importer increased concerns about demand.
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.