World oil prices

Potential OPEC+ cuts production to push oil prices closer to $84/barrel

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In the trading session on January 4 (Vietnam time), oil prices continued to increase last week due to concerns about continued tightening global supply.

Oil prices drop about 10% this year

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In the trading session on December 30 (Vietnam time), oil prices continued to decrease due to concerns about geopolitics and scarce supply.

Abundant supply causes oil prices to decline

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In the trading session on December 29 (Vietnam time), oil prices continued to decrease in the context of abundant supply as major shipping lines began to return to the Red Sea and diesel supply in Asia is expected to increase in 2024.

World oil prices decrease, domestic gasoline prices may decrease by 300 VND

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In the trading session on December 28 (Vietnam time), oil prices turned down in the context of large shipping companies resuming operations across the Red Sea. Domestically, gasoline prices are expected to increase and decrease in different directions this afternoon.

Oil prices surge, surpassing the $80/barrel mark

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In the trading session on December 27 (Vietnam time), oil prices increased again due to optimism about the possibility of the US Federal Reserve (Fed) cutting interest rates early next year.

Oil prices remain below $80/barrel

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In the trading session on December 26 (Vietnam time), oil prices stagnated but remained high due to concerns about disruption of transportation activities across the Red Sea.

Mixed oil prices in the first session of the week

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In the trading session on December 25 (Vietnam time), oil prices were in contrast to Brent oil, which increased slightly, and US WTI oil decreased slightly.

Oil prices increase by 3% for the second consecutive week

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Last week, oil prices fluctuated continuously in each trading session, affected by the factor of the Houthi forces attacking ships in the Red Sea and Angola declaring to leave OPEC.

Oil prices continue to decline after Indonesia's decision to leave OPEC

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At the trading session on December 23 (Vietnam time), oil prices fell after Angola - the second largest oil producing country in Africa - announced it would leave the Organization of the Petroleum Exporting Countries (OPEC).

Oil prices drop as US reserves increase sharply

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In the trading session on December 22 (Vietnam time), oil prices fell due to concerns about reduced demand after US crude oil reserves unexpectedly increased sharply.

World and domestic oil prices increase together

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In the trading session on December 21 (Vietnam time), oil prices continued to increase slightly in the context of investors worried about global trade disruptions and tensions in the Middle East after ship attacks in the Red Sea. Domestic gasoline prices are expected to increase by about 200-500 VND/liter (kg).

Oil prices continue to increase thanks to demand prospects

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In the trading session on December 16 (Vietnam time), oil prices continued to increase slightly thanks to a positive forecast for global oil demand and a weaker USD.

The prospect of improved demand pushes oil prices up

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In the trading session on December 15 (Vietnam time), oil prices increased after the US Federal Reserve (Fed) signaled lower borrowing costs for 2024.

World oil prices increase, domestic prices are expected to decrease

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In the trading session on December 14 (Vietnam time), oil prices increased due to concerns about the security situation in the Middle East affecting oil supply. Domestic gasoline prices are expected to be adjusted down by around 300-800 VND/liter (kg) this afternoon.

Concerns about supply surplus pushing oil prices down

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Concerns about the supply situation and weak growth in fuel demand next year have pushed oil prices down more than 3% in the trading session on December 13 (Vietnam time).