Oil price fluctuations
World oil prices decrease, domestic gasoline prices may increase by 500 VND
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In the trading session on October 23 (Vietnam time), world oil prices decreased slightly. Domestic gasoline prices are expected to be adjusted up to a maximum of VND 500/liter (kg) this afternoon.
Oil prices cool down as the Middle East conflict escalates
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In the trading session on October 21 (Vietnam time), oil prices decreased slightly in the context of expectations of a reduced escalation of the Israel-Hamas conflict, causing less disruption to oil exploitation activities in the Middle East.
Concerns about supply, oil prices increase to a two-week high
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In the trading session on October 20 (Vietnam time), oil prices continued to increase due to persistent concerns about conflicts in the Middle East and decreased US gasoline and oil reserves.
A series of new factors driving oil prices up
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In the trading session on October 19 (Vietnam time), the increase in oil prices continued to be supported by decreased US oil reserves, the Israel-Hamas conflict and China's growth.
Tight supply in the long term pushes oil prices up
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In the trading session on October 13 (Vietnam time), oil prices increased when supply was likely to tighten for a long time.
Oil prices continue to plummet after Saudi Arabia's commitment to stabilize the market
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In the trading session on October 12 (Vietnam time), oil prices continued to plummet by about 2% after Saudi Arabia's commitment to help stabilize the market and increase US oil reserves.
Oil prices decrease due to less interrupted supply from the Middle East
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In the trading session on October 11 (Vietnam time), oil prices decreased slightly due to concerns about the possibility of supply disruption from the conflict between Israel and the group Hamas.
Oil prices soar after spike
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In the trading session on October 10 (Vietnam time), oil prices maintained their upward momentum in the context of concerns that a broader conflict could affect oil supply from the Middle East.
Oil prices increased by more than 4% in the first session of the week
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In the trading session on October 9 (Vietnam time), oil prices increased sharply in the context of escalating tensions in the Middle East.
Oil prices tend to recover
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Despite an upward trend in the trading session on October 7 (Vietnam time), oil prices are heading for their strongest weekly decline since March 2023, due to concerns that interest rates will remain high, slowing down global growth and fuel demand.
Brent oil price will be at nearly 90 USD/barrel in the fourth quarter
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In the trading session on October 4 (Vietnam time), oil prices increased slightly again in the context of Saudi Arabia increasing oil prices in October 2023 and Russia said that it will maintain the ban on gasoline exports indefinitely.
Oil prices drop as the USD rises
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In the trading session on October 3 (Vietnam time), oil prices decreased by about 2%, down to a 3-week low due to the strengthening of the USD.
Oil prices surge due to concerns about tight supply
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In the trading session on September 27 (Vietnam time), oil prices increased slightly due to tight supply.
Interest rates remain high, causing oil prices to decrease
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In the trading session on September 26 (Vietnam time), oil prices decreased in the context that investors were paying attention to the problem of high interest rates that could limit demand.
Oil prices expected to surpass the 100 USD/barrel mark before the end of the year
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In the trading session on September 25 (Vietnam time), oil prices were still supported by concerns about tight global supply as we entered the fourth quarter.