Gasoline prices

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).

Concerns about supply shortages continue to support oil prices

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In the first trading session of the week on April 10 (Vietnam time), oil prices continued to increase due to concerns about tightening supply.

US employment data could continue to increase oil prices

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Today, April 8 (Vietnam time) is Good Friday, so world oil prices have temporarily stopped trading. However, US employment data released on this day has a significant impact on oil price fluctuations next week.

Concerns about economic recession limiting oil price increase

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Concerns about economic recession in major countries, especially the US, are limiting the increase in oil prices in the trading session on April 7 (Vietnam time) in the context of limited supply.

The decline slowed down, oil prices increased slightly thanks to efforts to balance the market

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In the trading session on March 17 (Vietnam time), oil prices increased slightly after many efforts to balance the market.

Concerns about inflation, oil prices hit a two-week low

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In the trading session on February 23 (Vietnam time), oil prices fell sharply in the context of investors worrying that central banks around the world will increase interest rates strongly, putting pressure on economic growth and fuel demand.

Increased concerns about economic recession causing oil prices to plummet

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In the trading session on January 5 (Vietnam time), the decline in world oil prices continued in the context of increasing concerns about global economic prospects.

Mr. Putin revealed Russia's goals in the global energy market

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President Vladimir Putin affirmed that Russia's goal is to ensure balanced supply and demand in the global energy market.