oil price today

Domestic gasoline prices may increase by VND1,000/liter

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In the trading session on July 21 (Vietnam time), world oil prices continued to be supported by tight supply and increased crude oil imports from China. Domestic oil prices are expected to increase by about 400-1,000 VND/liter (kg).

Optimistic economic signals make oil prices continue to increase

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In the trading session on July 20 (Vietnam time), oil prices increased slightly in the context of tightening US crude oil supply and committing to restore China's economic growth.

Starting the trading week in red, oil prices slid to $80/barrel

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In the trading session on July 17 (Vietnam time), oil prices plummeted by nearly 1% due to increased concerns that the US Federal Reserve (Fed) will increase interest rates at its meeting later this month.

USD increases, causing oil prices to slide to $80/barrel

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In the trading session on July 15 (Vietnam time), oil prices turned down due to the increase of the USD.

Oil prices hit a 3-month high

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On July 14 (Vietnam time), oil prices continued to increase after US inflation data showed that interest rates in the world's largest economy were close to bottom.

Oil prices increase sharply, surpassing the mark of 80 USD/barrel

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In the trading session on July 13 (Vietnam time), oil prices increased after US inflation data. Notably, this is the first time since May this year that Brent oil prices have exceeded $80/barrel.

Oil prices hit a 10-week high

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The decrease in the USD, high demand expectations while supply decreased pushed oil prices up in the trading session on July 12 (Vietnam time).

Oil prices hit a 9-week high

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Concerns about supply and technical purchasing power pushed oil prices skyrocket in the trading session on July 8 (Vietnam time).

Oil prices fell more than 3.5% last week

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Last week, Brent and WTI oil prices both fell more than 3.5% as many central banks around the world continued to raise interest rates, causing the market to worry about the increasing risk of recession.

Increased consumption demand and reserves fuel oil prices

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In the trading session on May 10 (Vietnam time), oil prices continued to increase in the context of higher seasonal demand.

Concerns about the banking crisis pushing oil prices down

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In the trading session on March 18 (Vietnam time), oil prices turned down more than 2% due to concerns that the global banking crisis would weigh on demand prospects.

Oil prices accelerate thanks to optimism about demand

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In the trading session on January 4 (Vietnam time), oil prices accelerated with optimism about China's oil demand. Brent oil price approaches 86 USD/barrel.

The decline slowed down, Brent oil prices increased beyond 80 USD/barrel

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In the trading session on February 7 (Vietnam time), oil prices recovered in the context of concerns about supply and slower growth in major economies that may limit fuel use.

The weak USD pushes oil prices down

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In the trading session on January 2 (Vietnam time), oil prices recovered due to the weakening of the USD and positive data from demand for US oil products increasing in November.

Concerns about economic recession hindering oil price increase

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In the trading session on January 26 (Vietnam time), oil prices continued to move in opposite directions after information about increased US crude oil reserves and concerns about a global economic recession hindered optimism about demand recovery in China.