oil price today

World oil prices increase, domestic prices are expected to decrease

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In the trading session on December 14 (Vietnam time), oil prices increased due to concerns about the security situation in the Middle East affecting oil supply. Domestic gasoline prices are expected to be adjusted down by around 300-800 VND/liter (kg) this afternoon.

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.

Oil prices drop to new level, domestic gasoline prices may decrease further this afternoon

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In the trading session on December 7 (Vietnam time), oil prices fell sharply due to concerns about weak demand in major markets. Domestic gasoline prices are expected to decrease by about 300-500 VND/liter (kg) this afternoon.

Turning down, oil prices slide to $80/barrel

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In the trading session on December 5 (Vietnam time), oil prices decreased by more than 1% in the context of traders worried about OPEC+'s production cuts in the first quarter of 2024.

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 continue to decline ahead of OPEC+ meeting

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In the first trading session of the week on November 27 (Vietnam time), oil prices continued to plummet right before the OPEC+ meeting. Brent oil prices retreated to nearly 80 USD/barrel.

Oil prices continue to fall after OPEC+'s decision to postpone the meeting schedule

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In the trading session on November 24, oil prices fell by about 1% because they expect OPEC+ not to cut production further next year after the producer group postponed the policy meeting scheduled for this weekend.

World and domestic oil prices both decreased

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In the trading session on November 23 (Vietnam time), oil prices fell nearly 1% due to the surprise delay of OPEC+ producers at the meeting on production cuts. Domestic gasoline prices are expected to decrease by about 100-500 VND/liter (kg).

Oil prices increase sharply after hitting bottom

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On November 18 (Vietnam time), oil prices recovered after reaching a 4-month low due to US sanctions on a number of Russian oil transport companies.

Oil price slides to 80 USD/barrel

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In the trading session on November 17 (Vietnam time), oil prices fell nearly 5% to a 4-month low, as investors worried about global oil demand after data from the US and Asia.

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.

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.

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.