At the end of the last trading session of the week, WTI oil price was at 96.60 USD/barrel, up 0.25 USD/barrel, equivalent to an increase of 0.26%. Brent oil was at 103.54 USD/barrel, up 0.96 USD/barrel, equivalent to an increase of 0.94%. In the last trading session of the week, oil prices increased slightly, as investors worried that the US and Iran would not be able to reach a peace agreement allowing sea transport operations to return to normal in the Strait of Hormuz.
Despite a slight recovery in the last trading session of the week, overall in the week, Brent oil still decreased by 5.24%, WTI oil decreased by 8.37%. In the week, oil prices plummeted after President Donald Trump announced that he had temporarily suspended plans to attack Iran to facilitate negotiations to end the war in the Middle East.
According to ING strategists in a report released on Friday, the market is still looking for signs of progress in the possibility of the US and Iran reaching an agreement. Despite some optimistic signs, uncertainty still prevails.
This is not the first time the market has thought that an agreement was very close before negotiations broke down. Therefore, there is still a large number of investors skeptical about the current positive signals," ING added.
Regarding the domestic gasoline and oil market, a representative of a business said that finished gasoline and oil prices continue to decrease. Accordingly, it is forecast that gasoline and oil prices in the operating period on May 28 will simultaneously reverse to decrease. In which, it is forecast that RON95 gasoline will decrease by 1,200 - 1,700 VND/liter; E5 RON92 gasoline will decrease by 1,000 - 1,500 VND/liter; DO oil will decrease by 500 - 1,000 VND/liter.
Domestically, the selling prices of popular consumer gasoline and oil items on the market on May 23rd are as follows:
- E5 RON 92 gasoline: not higher than 24,340 VND/liter, lower than RON 95-III gasoline by 1,209 VND/liter;
- RON 95-III gasoline: not higher than 25,549 VND/liter;
- Diesel oil 0.05S: not higher than 28,761 VND/liter;
- 180CST 3.5S mazut oil: not higher than 21,483 VND/kg.
Gasoline and oil selling prices of neighboring countries of Vietnam on May 21, 2026:
Regarding gasoline prices: Thailand: 36, 181 VND/liter (Government subsidies); Cambodia: 35, 438 VND/liter (Government subsidies); Laos: 42, 225 VND/liter; China: 35, 438 VND/liter (Government price control); Vietnam: 25, 549 VND/liter.
Regarding oil prices: Thailand: 34,005 VND/liter (Government subsidies); Cambodia: 35,767 VND/liter; Laos: 42,753 VND/liter; China: 32,306 VND/liter (Government price control); Vietnam: 28,761 VND/liter.
Vietnam's gasoline and oil prices are currently lower than countries in the region and some countries sharing a common border.
