World oil prices
Increased interest rates cause oil prices to drop dramatically
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In the trading session on June 23 (Vietnam time), oil prices were affected by the UK Central Bank's higher-than-expected interest rate increase, raising concerns about the economy and fuel demand.
The prospect of increasing interest rates has interrupted the increase in oil prices
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In the trading session on June 19 (Vietnam time), the prospect of interest rate increases by major banks around the world continues to be a factor pushing oil prices down.
Oil prices may increase to 80 USD/barrel
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In the trading session on June 17 (Vietnam time), oil prices continued to increase, affected by increased demand from China and supply cuts by OPEC+.
Oil prices soar to a one-week high
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On June 16 (Vietnam time), a weak USD and retail sales in this country surged, pushing oil prices up to a one-week high.
Oil prices drop after signal of continuing to increase Fed interest rates
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In the trading session on June 15 (Vietnam time), oil prices fell significantly after the US Federal Reserve (Fed) expected to increase interest rates more this year, causing the market to worry about demand, especially in the context of strong increases in US crude oil reserves.
Demand improves, world oil prices regain green
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In the trading session on June 14 (Vietnam time), oil prices were boosted by hopes of increased fuel demand after the Chinese Central Bank lowered short-term lending rates for the first time in 10 months.
Oil prices continue to decline ahead of the Fed meeting
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On June 13 (Vietnam time), oil prices fell sharply ahead of the Federal Reserve's monetary policy meeting on June 13-14 to discuss whether to increase or keep interest rates unchanged.
Today, June 12, domestic gasoline prices are expected to increase slightly
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World oil prices continued to decline to the first trading session of the new week on June 12 (Vietnam time). Domestic gasoline prices are expected to increase slightly by about 200 VND/liter (kg).
Retail prices of gasoline may increase slightly next week
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In the trading session on June 10 (Vietnam time), oil prices fell more than 1 USD due to weak economic data from the US and China, increasing concerns about demand growth after Saudi Arabia's decision to cut production.
Weak economic data causes oil prices to reverse to decrease
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In the trading session on June 9 (Vietnam time), oil prices turned down in the context of increased US gasoline reserves, weak economy in China while the US and Iran have not yet reached a nuclear deal.
Oil prices reverse to increase due to supply concerns
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In the trading session on June 8 (Vietnam time), oil prices increased by about 1% when news of Saudi Arabia's plans to cut production further compensated for difficulties in demand from US fuel reserves and weak export data from China.
Concerns about slow economic growth pushing oil prices down
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In the trading session on June 7 (Vietnam time), oil prices decreased due to concerns that global economic growth could slow down energy demand. This concern overwhelmed Saudi Arabia's commitment to cut production further last weekend.
World oil price may reach 100 USD/barrel
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In the trading session on June 6 (Vietnam time), oil prices continued to increase after the world's leading oil exporter Saudi Arabia pledged to cut production by 1 million barrels/day from July.
Oil prices increase sharply after OPEC+'s decision
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In the trading session on June 5 (Vietnam time), oil prices increased sharply after OPEC+ extended the cut in output of 3.6 million barrels/day until the end of 2024.
Loss of optimism about the US debt ceiling agreement, oil prices continue to increase
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In the trading session on June 3 (Vietnam time), world oil prices continued to increase in the context of investors being optimistic after the US debt ceiling bill was passed.