Forecast of oil prices reversing to increase in this week's operating session

Thạch Lam |

It is forecasted that in the price adjustment period on Thursday this week, gasoline prices may reverse and increase.

According to a survey at15:00 on November 3, world oil prices increased simultaneously. WTI crude oil prices increased by 0.23 USD/barrel (up 0.38%), to 61.21 USD/barrel. Brent oil price increased by 0.23 USD/barrel (up 0.36%), to 65 USD/barrel.

Oil prices increased on Monday after OPEC+ decided to postpone production in the first quarter of next year. This eases concerns about supply glories, but weak data from factories in Asia has limited growth.

The world petroleum market last week's price adjustment period (from October 23, 2025 to October 29, 2025) was affected by main factors such as: the US announced sanctions on Russia's two largest oil and gas corporations; new US trade negotiations with India and China; OPEC+ plans to slightly increase oil exploitation output in December; The military conflict between Russia and Ukraine continues, focusing on each other's energy sources... The above factors have caused world petroleum prices to increase sharply in recent days.

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 adjustment period, retail prices of gasoline may decrease.

In the recent adjustment session (October 30), gasoline prices increased simultaneously. Of which, E5 RON 92 gasoline is priced at VND19,760/liter (up VND710/liter). RON 95-III gasoline is priced at VND 20,488/liter (up VND 762/liter).

Diesel 0.05S is priced at VND 19,203/liter (up VND 1,318/liter); kerosene has a new price of VND 19,271/liter (up VND 1,156/liter); mazut 180CST 3.5S is priced at VND 14,639/kg (up VND 541/kg).

Thạch Lam
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