oil price today
Expecting US diplomatic efforts, oil prices exceed $90/barrel
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On October 18 (Vietnam time), oil prices increased sharply in the context of investors waiting for signals of US diplomatic efforts and President Joe Biden's trip to Israel to prevent the conflict in the Middle East from expanding.
US loosens embargo on Venezuela, causing oil prices to cool down
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In the trading session on October 17 (Vietnam time), oil prices continued to decline because they expected the US and Venezuela to soon reach an agreement to ease sanctions on Venezuela's crude oil exports.
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.
Continuing to decline, oil prices lose the mark of 85 USD/barrel
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In the trading session on October 6 (Vietnam time), oil prices continued to decrease by about 2% after the information that US gasoline reserves increased compared to many analysts' expectations.
Oil prices regain momentum in the first session of the week
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In the trading session on October 2 (Vietnam time), oil prices increased slightly again in the context that OPEC+ may continue to maintain its policy of tightening supply.
Oil prices increased by nearly 30% in the third quarter
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In the last trading session of the week, September 30 (Vietnam time), oil prices decreased slightly due to concerns about the macro economy and investors taking profits. However, in the third quarter, oil prices increased by about 30% due to production cuts.
Oil prices cool down ahead of OPEC+ meeting
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In the trading session on September 29 (Vietnam time), oil prices turned down in the context of many concerns that high interest rates could affect oil demand.
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.
Oil prices surge, surpassing the 94 USD/barrel mark
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In the trading session on September 15 (Vietnam time), oil prices increased sharply due to limited supply, the amount of oil produced decreased by 1.3 million barrels/day until the end of this year.
World oil prices hit nearly 10-month high
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In the trading session on September 14 (Vietnam time), oil prices reached a nearly 10-month high as the prospect of tighter oil supply and optimism about the ability to recover energy demand in major economies.
Oil prices increase, surpassing the mark of 92 USD/barrel
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In the trading session on September 13 (Vietnam time), oil prices increased by nearly 2%, to the highest level since November 2022 due to tight supply while global oil demand continued to grow strongly.
Oil prices slide below $90/barrel
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In the trading session on September 8 (Vietnam time), oil prices plummeted due to many signals warning of weaker demand in the coming months and the strengthening of the USD.
Oil prices hit a 10-month high
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In the trading session on September 7 (Vietnam time), world oil prices continued to increase due to tight crude oil supply in the US.
Oil prices increase sharply, approaching the mark of 87 USD/barrel
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In the trading session on September 1 (Vietnam time), concerns about Typhoon Idalia in the Gulf of Mexico continuing to cover the market, the sharp decline in oil in US reserves is the reason for the sharp increase in world oil prices.
The impact of storm Idalia pushes oil prices to continue to climb
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In the trading session on August 31 (Vietnam time), oil prices continued to climb due to the impact of storm Idalia and the tight supply of crude oil in the US.