World oil prices

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).

Domestic oil prices will increase by 300 VND/liter

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In the trading session on July 11 (Vietnam time), world oil prices decreased due to concerns about the US increasing interest rates at the US Federal Reserve (Fed) meeting at the end of this month. Domestic gasoline prices are expected to increase by 200-300 VND/liter (kg).

Tight supply pushes up oil prices

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In the trading session on July 1 (Vietnam time), oil prices continued to increase in the context of tight supply.

Oil price increase is limited due to reduced demand

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Concerns about the possibility of interest rate increases in the US and Europe will reduce oil demand, limiting the increase in oil prices in the trading session on June 30 (Vietnam time).

Lower crude oil reserves boost oil prices

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In the trading session on June 29 (Vietnam time), the reversal of oil prices is due to the second consecutive decline in US crude oil reserves, signaling increased demand from the world's largest oil consumer.

Increased recession causes oil prices to turn down

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In the trading session on June 28 (Vietnam time), oil prices plummeted by more than 2% due to concerns that interest rates will continue to increase, while US gasoline and crude oil reserves decreased during the peak summer driving season.

Supply interruption causes oil prices to increase

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In the trading session on June 27 (Vietnam time), oil prices increased in the context of concerns about the political situation in Russia affecting oil supply.

Market sentiment still weighs on oil prices

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In the trading session on June 26 (Vietnam time), oil prices cut off the downward trend last week, turning around and increasing slightly. However, market sentiment is still an obstacle for oil prices.

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.

Economic recession continues to weigh on oil prices

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In the trading session on June 24 (Vietnam time), oil prices continued to decrease due to concerns about increased recession after the decision to raise interest rates by central banks and the strengthening of the USD.