World oil prices

| 26/08/2022 - 13:58

In the trading session on August 26 (Vietnam time), world oil prices fell about 2 USD in the context of investors preparing for Iran's oil exports and fearing that the increase in US interest rates will reduce fuel demand.

| 24/08/2022 - 14:57

In the trading session on August 24 (Vietnam time), world oil prices increased by nearly 4% after Saudi Arabia's SE out pitched the idea of cutting output from the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to support prices in case Iran's crude oil returns to the market.

| 23/08/2022 - 15:23

In the trading session on August 23 (Vietnam time), oil prices increased slightly when the market received information that the Organization of the Petroleum Exporting Countries and its allies (OPEC+) may cut production before the possibility of an Iran nuclear deal could be reached. This could bring Iranian crude oil back to the market.

| 22/08/2022 - 15:25

In the trading session on August 22 (Vietnam time), world oil prices plummeted, losing more than 1% due to concerns that the US's strong interest rate increase policy could lead to a global economic recession and reduce fuel demand.

| 21/08/2022 - 15:32

Oil prices have had another volatile week with both Brent and WTI oil falling 1.5% as the US dollar strengthened and investors worried that an economic downturn will reduce crude oil demand.

| 19/08/2022 - 15:44

Positive economic data and strong US fuel consumption contributed to the plummeting of world oil prices in the trading session on August 19 (Vietnam time).

| 18/08/2022 - 17:42

In the trading session on August 18 (Vietnam time), world oil prices increased by about 1.5% after reaching the lowest level in the past 6 months due to the sharper decrease in US crude oil reserves than expected, raising concerns about increased Russian production and exports.

| 16/08/2022 - 16:20

In the trading session on August 16 (Vietnam time), world oil prices plummeted after China's economic data was released lower than expected due to the prolonged Zero-COVID policy.

| 15/08/2022 - 13:35

Continuing the decline last weekend, world oil prices started the new week in red at the trading session on August 15 (Vietnam time).

| 14/08/2022 - 17:01

Despite a decrease of more than 2 USD in the last session of the week, both Brent and WTI oil experienced a week of price increase with Brent crude oil increasing by 3.4% and WTI oil increasing by 3.5%.

| 13/08/2022 - 14:08

In the trading session on August 13 (Vietnam time), world oil prices decreased by more than 2% due to supply disruption in the US Gulf of Mexico.

| 11/08/2022 - 16:01

In the trading session on August 11 (Vietnam time), world oil prices increased as US gasoline reserves decreased more strongly than expected.

| 09/08/2022 - 15:37

In the trading session on August 9 (Vietnam time), world oil prices increased by nearly 2% as positive economic data from China and the US made investors optimistic about demand prospects despite concerns about economic recession.

| 08/08/2022 - 14:42

On August 8 (Vietnam time), world oil prices opened in red due to concerns about the risk of a global economic recession that would negatively impact energy consumption prospects.

| 07/08/2022 - 15:30

In contrast to last week's "huge" increase, this week, Brent and WTI oil prices have fallen sharply with Brent oil prices "sliding" up to 11% and WTI down 8%.