Oil price
World oil prices hit a 6-month low
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In the trading session on August 5 (Vietnam time), world oil prices continued to fall sharply, down to a 6-month low, even before Russia launched a special campaign in Ukraine in February 2022.
World oil prices drop to 6-month low
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Crude oil prices have fallen about 4% to their lowest level in nearly 6 months at the trading session on August 4 (Vietnam time) after the Organization of the Petroleum Exporting Countries and its allies (OPEC+) decided to increase production by 100,000 barrels/day for September.
World oil prices drop sharply, below the 100 USD/barrel mark
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In the trading session on August 2 (Vietnam time), world oil prices decreased by about 4% when negative data on production activities in some countries "weighed heavily" on demand prospects.
OPEC talks about oil export competition with Russia
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The new secretary general of the Organization of the Petroleum Exporting Countries (OPEC) emphasized Russia's important role in OPEC+.
World oil price ma week
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The recovery of the stock market and the continued weakness of the US dollar are still factors that pushed Brent and WTI oil prices through a week of "huge" increases.
Oil prices heat up due to concerns about supply shortage
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The shortage of supply along with the weakening of the greenback pushed oil prices up sharply in the trading session on July 30 (Vietnam time).
World oil prices increased by more than 2 USD
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In the trading session on July 28 (Vietnam time), world oil prices increased by more than 2 USD when the decline in US oil reserves and gas from Russia to Europe overwhelmed concerns about weak demand and a US interest rate hike.
World oil prices reverse upward momentum, plummet
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In the trading session on July 27 (Vietnam time), world oil prices plummeted after Russia cut off a large amount of gas to Europe.
IMF: Russia exceeds expectations with better sanctions
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The latest IMF economic report assessed the Russian economy overcoming the sanctions storm as better than expected.
World oil price increases by more than 4 USD
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In the trading session on July 26 (Vietnam time), world oil prices increased by more than 4 USD due to concerns about supply, a decrease in the US dollar and a slight increase in the stock market at the beginning of the session.
World oil prices fall as the USD depreciates
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In the trading session on July 25 (Vietnam time), world oil prices were red in the context of weakening demand and Libya's crude oil production resuming.
A series of factors cause world oil prices to fluctuate
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Last week, world oil prices fluctuated amid the possibility of the US Federal Reserve (Fed) only raising interest rates by 0.75% at the end of the month and the European Union (EU) adjusting sanctions against Russia, raising concerns about energy consumption prospects.
World oil prices drop sharply
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In the trading session on July 23 (Vietnam time), world oil prices fell sharply after the EU's decision to adjust sanctions against Russia.
World oil prices continue to decrease after the ECB increased interest rates
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In the trading session on July 22 (Vietnam time), world oil prices continued to decrease in the context of the European Central Bank (ECB) raising interest rates to 50 points. This raises concerns about the prospects for energy consumption.
Russia warns of possible suspension of global oil exports
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Russia has warned that oil exports could stop if the West imposes a price cap on Russian crude oil.