Middle East Conflict

World oil prices may skyrocket to 130 USD/barrel

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In the first trading session of the week on April 15 (Vietnam time), world oil prices increased simultaneously with 2 main types of oil.

Oil prices continue to decline

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In the trading session on April 9 (Vietnam time), oil prices continued to slide as Israel reduced its troops in southern Gaza and began a new round of ceasefire negotiations with Hamas.

diplomatic efforts to cool down tensions in the Middle East cause oil prices to drop

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In the trading session on April 8 (Vietnam time), world oil prices started the new week in red while there were expectations of a ceasefire between Israel and Hamas.

Oil prices cool down as the Middle East conflict escalates

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In the trading session on October 21 (Vietnam time), oil prices decreased slightly in the context of expectations of a reduced escalation of the Israel-Hamas conflict, causing less disruption to oil exploitation activities in the Middle East.