World oil prices

Oil prices increase after Russia reduces production

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In the weekend trading session on December 24 (Vietnam time), oil prices increased sharply after the announcement of the possibility of cutting Russia's output to deal with the price cap.

World oil prices regain momentum

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The weakening of the USD and the tight supply pressure have supported oil prices today (November 23, Vietnam time) to increase.

World oil prices remain stable

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In the trading session on November 22 (Vietnam time), world oil prices tended to move sideways despite concerns about economic recession, reduced demand...

World oil prices continue to decrease

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Concerns about weak demand in China - the world's leading oil consumer and additional increases in US interest rates have pushed oil prices down by about 2% in the last trading session of the week on November 19 (Vietnam time).

World oil price drops below 90 USD/barrel

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World oil prices continued to decrease in the session on November 18 (Vietnam time) due to demand being tightened by the increase in COVID-19 cases in China and concerns about the US interest rate increase.

World oil prices regain momentum

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On November 16 (Vietnam time), oil prices increased again when the International Energy Agency (IEA) warned about the upcoming ban by the EU on Russian oil exports by sea.

World oil prices fall after OPEC+ lowers demand forecast

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After the Organization of the Petroleum Exporting Countries and its allies (OPEC+) lowered its forecast for global oil demand growth in 2022 and 2023, world oil prices fell significantly in the trading session on November 15 (Vietnam time).

World oil price decrease week

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After two consecutive weeks of price increases, oil prices have turned around, experiencing a week of decline with Brent oil down 2.6%, WTI lost nearly 4%.

World oil prices continue to increase strongly

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US inflation, easing of COVID-19 epidemic restrictions in China and a decreasing USD have pushed world oil prices up sharply in the trading session on November 12 (Vietnam time).

World oil prices increase again

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In the trading session on November 11 (Vietnam time), world oil prices reversed and increased when the market received information that the US Consumer Price Index (CPI) had increased less than expected in October. Domestically, RON 95-III gasoline prices increased by more than VND1,000 per liter.

World oil prices continue to decline

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US petroleum reserves increased sharply and China's continued implementation of the Zero COVID measure created pressure on oil prices to decrease sharply in the trading session on November 10 (Vietnam time).

World oil prices plummet

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Concerns about China's fuel demand as well as the results of the US midterm election have caused world oil prices to decrease by more than 2 USD in the trading session on November 9 (Vietnam time).

World oil prices increase slightly

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The weak USD along with the forecast of US refineries increasing capacity has supported oil prices in today's trading session on November 8 (Vietnam time).

World oil prices decrease in the first session of the week

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In the trading session on November 7 (Vietnam time), oil prices decreased by nearly 2% in the context of the market recording the possibility that Russian crude oil will still be guaranteed to trade with a number of conditions when the G7 embargoes and sanctions take effect.

World oil price increases for the second consecutive week

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World oil prices increased sharply last week due to concerns about lack of supply. For the whole week, Brent oil increased by 2.9% and WTI oil increased by 4.7%.