Oil price fluctuations

Reasons for oil prices to decrease

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On April 16 (Vietnam time), oil prices fell after Iran's attack on Israel caused less damage than expected, reducing concerns about an escalating conflict affecting oil supplies.

Oil prices surge, surpassing the $80/barrel mark

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In the trading session on December 27 (Vietnam time), oil prices increased again due to optimism about the possibility of the US Federal Reserve (Fed) cutting interest rates early next year.

Oil prices remain below $80/barrel

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In the trading session on December 26 (Vietnam time), oil prices stagnated but remained high due to concerns about disruption of transportation activities across the Red Sea.

Mixed oil prices in the first session of the week

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In the trading session on December 25 (Vietnam time), oil prices were in contrast to Brent oil, which increased slightly, and US WTI oil decreased slightly.

Oil prices increase by 3% for the second consecutive week

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Last week, oil prices fluctuated continuously in each trading session, affected by the factor of the Houthi forces attacking ships in the Red Sea and Angola declaring to leave OPEC.

Concerns about supply surplus pushing oil prices down

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Concerns about the supply situation and weak growth in fuel demand next year have pushed oil prices down more than 3% in the trading session on December 13 (Vietnam time).

Oil prices increase slightly, Brent oil exceeds 76 USD/barrel

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In the trading session on December 12 (Vietnam time), oil prices increased slightly before the information that the US Department of Energy will take advantage of lower oil prices to start adding strategic reserves.

Brent and WTI oil prices increased slightly in the first session of the week

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Oil prices started the new week in the session on December 11 (Vietnam time) with Brent and WTI oil both increasing slightly. However, both oil products are still quite far from the $80/barrel mark.

Continued decline, oil prices slide to 80 USD/barrel

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In the trading session on November 28 (Vietnam time), oil prices continued to decline in the context of investors being cautious before the OPEC+ meeting on limiting supply until 2024.

Oil prices regain up momentum after OPEC's report

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In the trading session on November 14 (Vietnam time), oil prices increased by more than 1% after OPEC's monthly report eased concerns about weakening demand.

Oil prices are mixed as supply is forecast to be redundant in the first quarter of 2024

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In the trading session on November 7 (Vietnam time), oil prices increased and decreased in opposite directions after the world's leading oil exporters committed to voluntarily cut supply until the end of the year.

Saudi Arabia and Russia's decision to reduce production causes oil prices to increase

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In the trading session on November 6 (Vietnam time), oil prices turned to increase due to concerns about tightening supply after the decision to keep the cut output of Saudi Arabia and Russia unchanged.

Oil prices surge after Fed decision

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In the trading session on November 3 (Vietnam time), oil prices turned to increase due to the decision to keep the basic interest rate unchanged by the US Federal Reserve (Fed) and the Bank of England.

A series of factors affecting oil prices to cool down

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In the trading session on October 27 (Vietnam time), oil prices plummeted due to concerns about the Middle East conflict easing, while US demand showed signs of weakening and the USD increased.

Escalating tensions in the Middle East cause oil prices to increase

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On October 26 (Vietnam time), oil prices increased due to concerns about the spread of the Israel-Hamas conflict.