According to a survey at 15:05 on June 6 (Vietnam time), WTI oil price decreased by 0.38 USD/barrel (down 0.6%), down to 62.99 USD/barrel. Brent oil price decreased by 0.32 USD/barrel (down 0.49%), down to 65.02 USD/barrel.
Currently, the oil market is experiencing many fluctuations due to global trade tensions and the US tariff policy affecting the world economy.
According to research from BMI (under Fitch), the risk of US tightening sanctions on Venezuela and the possibility of Israel attacking infrastructure in Iran could push oil prices up. However, this trend could be curbed by weak oil consumption demand and increased supply from both OPEC+ and non- OPEC countries.
Saudi Arabia - the leading oil exporter - adjusted crude oil prices for Asia in July down to its lowest level in nearly two months. The decrease was lower than expected, after OPEC+ agreed to increase production by 411,000 barrels/day in July.
According to a representative of a petroleum business, domestic petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the next price management period, retail prices of gasoline may have opposite adjustments, in the direction of decreasing gasoline prices and increasing oil prices.
In particular, the price of RON 95 - III gasoline is forecast to decrease by about 30 VND/liter; E5 RON 92 - II gasoline decreases by about 50 VND/liter; Diesel increases by about 50 - 100 VND/liter.
Domestic retail gasoline prices on June 6, 2025 will be applied according to the adjustment session from 3:00 p.m. on June 5 of the Ministry of Finance - Ministry of Industry and Trade.
In yesterday's adjustment session (June 5), the price of E5 RON 92 gasoline increased compared to the previous adjustment period, at VND 19,263/liter (up VND 67/liter). RON 95-III gasoline price increased compared to the previous adjustment period, priced at VND19698/liter (up VND133/liter).
Prices of oil products fluctuated in different directions. Of which, diesel 0.05S is priced at VND17,420/liter (up VND284/liter); kerosene has a new price of VND17,284/liter (up VND176/liter); mazut is priced at VND16,178/kg (down VND86/kg).
