World oil prices

World and domestic oil prices both decreased

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In the trading session on November 23 (Vietnam time), oil prices fell nearly 1% due to the surprise delay of OPEC+ producers at the meeting on production cuts. Domestic gasoline prices are expected to decrease by about 100-500 VND/liter (kg).

US gasoline inventories drop, fuel oil prices increase

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In the trading session on November 22 (Vietnam time), oil prices increased slightly in the context of investors being cautious before the OPEC+ meeting and US gasoline inventories decreasing.

Oil prices continue to increase ahead of OPEC+'s possibility of further production cuts

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In the trading session on November 21 (Vietnam time), oil prices increased due to concerns about continued tightening global supply.

Oil prices regain momentum, domestic gasoline prices may decrease slightly

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Reversing the decline of last week, in the first trading session of the week on November 20 (Vietnam time), Brent and WTI oil prices both increased slightly.

Oil prices increase sharply after hitting bottom

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On November 18 (Vietnam time), oil prices recovered after reaching a 4-month low due to US sanctions on a number of Russian oil transport companies.

Oil price slides to 80 USD/barrel

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In the trading session on November 17 (Vietnam time), oil prices fell nearly 5% to a 4-month low, as investors worried about global oil demand after data from the US and Asia.

Increased inventory pushes oil prices down

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US crude oil inventories increased more than expected, pushing oil prices down in the session on November 16 (Vietnam time).

Oil prices stagnate waiting for new signals

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In the trading session on November 15 (Vietnam time), oil prices remained stable due to reduced signs of tension in the Middle East and uncertainty about US oil inventories.

Oil prices regain up momentum after OPEC's report

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In the trading session on November 14 (Vietnam time), oil prices increased by more than 1% after OPEC's monthly report eased concerns about weakening demand.

Oil prices forecast to decrease by VND 1,000/liter this afternoon

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In the trading session on November 13 (Vietnam time), world oil prices were in the green after Iraq reaffirmed its compliance with reducing exploitation output. Domestically, gasoline prices are forecast to decrease by a maximum of VND 1,000/liter (kg) this afternoon.

WTI oil and Brent oil prices below $80/barrel

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In the trading session on November 10 (Vietnam time), oil prices increased slightly due to signs of increased demand from China - the world's leading oil importer.

Oil prices hit a 3-month low

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Concerns about weak demand in the US and China have pushed oil prices down by more than 2% in the trading session on November 9 (Vietnam time).

Weak demand causes oil prices to drop sharply

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In the trading session on November 8 (Vietnam time), oil prices decreased by more than 4% after China's economic data, the strengthening of the USD and increased US oil inventories.

Oil prices are mixed as supply is forecast to be redundant in the first quarter of 2024

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In the trading session on November 7 (Vietnam time), oil prices increased and decreased in opposite directions after the world's leading oil exporters committed to voluntarily cut supply until the end of the year.

Saudi Arabia and Russia's decision to reduce production causes oil prices to increase

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In the trading session on November 6 (Vietnam time), oil prices turned to increase due to concerns about tightening supply after the decision to keep the cut output of Saudi Arabia and Russia unchanged.