World oil prices
US employment data could continue to increase oil prices
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Today, April 8 (Vietnam time) is Good Friday, so world oil prices have temporarily stopped trading. However, US employment data released on this day has a significant impact on oil price fluctuations next week.
Concerns about economic recession limiting oil price increase
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Concerns about economic recession in major countries, especially the US, are limiting the increase in oil prices in the trading session on April 7 (Vietnam time) in the context of limited supply.
Oil prices increase sharply after OPEC+'s announcement of production cuts
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In the trading session on April 4 (Vietnam time), oil prices continued to increase in the context of OPEC+ cutting production further in an effort to stabilize the market.
Many new factors push oil prices closer to the $80/barrel mark
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In the trading session on April 1 (Vietnam time), oil prices continued to increase in the context of lower oil reserves in the US than expected.
Oil prices suddenly plummeted as supply shortage
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In the trading session on March 30 (Vietnam time), oil prices turned down many surprises in the context of the market worried about a shortage of supply.
Continuing the increase, Brent oil price gradually approaches the 80 USD mark
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In the trading session on March 29 (Vietnam time), oil prices continued to climb in the context of increased demand in China and the crisis of the banking industry temporarily calmed down after many weeks of stress.
US tries to stabilize the banking system, causing oil prices to increase
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In the trading session on March 28 (Vietnam time), oil prices increased in the context of investors' concerns easing after the US government's efforts to soothe the global banking system.
The prospect of increased demand drives up oil prices
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In the first trading session of the week on March 27 (Vietnam time), oil prices increased in the context of increased demand prospects, despite concerns about economic recession.
Oil prices increase by 4% in the week as the financial market stabilizes
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Last week, the world oil market did not operate based on basic principles of supply and demand but depended on concerns related to the banking system. Over the whole week, both types of oil recorded an increase with Brent oil increasing by 2.8%, while WTI oil increased by 3.8%.
Forecast of reduced demand causes oil prices to continue to plummet
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The trading session on March 25 (Vietnam time) oil prices were still affected by the comments of US Energy Secretary Jennifer Granholm about the country's strategic oil reserve replenishment taking several years, reducing demand prospects.
Increased crude oil reserves cool down world oil prices
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In the trading session on March 24 (Vietnam time), oil prices turned down after the US Secretary of Energy's comments on the country's strategic oil reserves.
Oil prices continue to increase after the Fed cuts interest rates
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In the trading session on March 23 (Vietnam time), oil prices increased by about 2% when the US Federal Reserve (Fed) introduced a small interest rate increase as expected.
Oil prices continue to recover after the banking crisis cools down
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In the trading session on March 22 (Vietnam time), oil prices continued to increase as the rescue of Credit Suisse eased concerns about a banking crisis that would affect economic growth and reduce fuel demand.
Stable financial market pushes world oil prices continue to increase
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In the trading session on March 21 (Vietnam time), oil prices continued to increase due to concerns about recession and crisis of investors cooling down when instability at some major banks in the world was committed by state management agencies.
Oil prices start the new week in green
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Instead of the red color that filled the oil market last week, oil prices this week began trading with a slight increase in the session on March 20 (Vietnam time).