oil price today
Oil prices rebound in pre-holiday trading session
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World oil prices rose more than 1% on December 24, reversing the previous session's decline, amid the possibility of tighter supplies.
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 increase sharply, approaching the mark of 87 USD/barrel
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In the trading session on March 19 (Vietnam time), oil prices increased sharply in the context of reduced supply and stronger demand prospects.
Oil prices continue to increase after a strong increase this week
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In the trading session on March 18 (Vietnam time), oil prices continued to increase to the highest price since November 2023 to date.
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.
Oil prices continue to decline after Indonesia's decision to leave OPEC
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At the trading session on December 23 (Vietnam time), oil prices fell after Angola - the second largest oil producing country in Africa - announced it would leave the Organization of the Petroleum Exporting Countries (OPEC).
Oil prices drop as US reserves increase sharply
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In the trading session on December 22 (Vietnam time), oil prices fell due to concerns about reduced demand after US crude oil reserves unexpectedly increased sharply.
World and domestic oil prices increase together
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In the trading session on December 21 (Vietnam time), oil prices continued to increase slightly in the context of investors worried about global trade disruptions and tensions in the Middle East after ship attacks in the Red Sea. Domestic gasoline prices are expected to increase by about 200-500 VND/liter (kg).
Maintaining the steep climb, oil prices approach the $80/barrel mark
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In the trading session on December 20 (Vietnam time), oil prices continued to increase due to concerns that global oil supply was interrupted by tensions in the Red Sea.
Intermittent supply pushes oil prices up steadily
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In the trading session on December 19 (Vietnam time), oil prices increased due to low exports from Russia and developments related to oil tankers in the Red Sea, raising concerns about supply disruption.
Oil prices improve in the new week
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In the first trading session of the week on December 18 (Vietnam time), oil prices maintained their upward momentum in the context of the IEA and OPEC having a more optimistic view of the demand outlook.
The prospect of improved demand pushes oil prices up
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In the trading session on December 15 (Vietnam time), oil prices increased after the US Federal Reserve (Fed) signaled lower borrowing costs for 2024.