E5 RON 92 gasoline

cooling inflation data drives oil prices to increase sharply

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In the trading session on April 13 (Vietnam time), oil prices increased sharply due to the cooling of US inflation data, fuelling hopes that the US Federal Reserve (Fed) will soon end the interest rate increase cycle.

IEA, OPEC lower consumption demand forecast but world oil prices continue to increase

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In the trading session on May 13 (Vietnam time), WTI oil increased to 107.30 USD/barrel. Meanwhile, Brent oil increased by 1.14 USD/barrel, equivalent to 1.06% to 108.59 USD/barrel.