According to a survey at 14h35 on 11.2 (Vietnam time), WTI oil price increased by 0.55 USD/barrel (0.76%), reaching 72.87 USD/barrel. Brent oil price also increased by 0.60 USD/barrel (0.79%), to 76.47 USD/barrel.
According to Reuters, oil prices continued to increase on Tuesday after a report showed that Russian oil production did not reach quota and concerns about the interruption of supply. However, the increase is limited due to concerns that increasing trade tariffs can hinder global economic growth.
Anz analysts stated in a research report that oil price recovery is a sign that supply is becoming tight. They said Russia's oil production in January fell to 8,962 million barrels per day (BPD), lower than 16,000 BPD compared to the approved level under the OPEC+agreement.
Concerns about interruption in the supply increased after Politico reported on Monday that European countries plan to seize Russian oil fleet.
The transportation of Russian oil to China and India, the two largest crude oil importers in the world, have been significantly affected by US sanctions against oil ships, manufacturers and public. Insurance company last month.
The US sanctions for Iran's oil network to China increased concerns about the supply after Donald Trump restored the "maximum pressure" to Iran's oil export last week.
However, the latest move from Trump about increasing taxes can reduce energy demand and affect global economic growth. On Monday, Trump significantly increased the import tax of steel and aluminum in the United States to 25% without exceptions, in order to support the industries that are facing difficulties, this may increase the risk of battle. Commercial paintings.
This tax will hit millions of tons of steel and aluminum imported from Canada, Brazil, Mexico, South Korea and other countries. Last week, Trump applied a 10% additional tax to China, making Beijing retaliate by imposing taxes on some items imported from the United States, including 10% tax for crude oil.
According to most economists participating in Reuters polls, previous people expected to cut interest rates in March, the US Federal Reserve will wait until the next quarter before cutting interest. Said again. This also puts pressure on the need for crude oil.
According to a representative of a petrol and oil business, the domestic petroleum price will fluctuate according to the world petroleum situation. According to the current market development, forecasting in the next period of operating the price, petrol prices may adjust the opposite direction in the direction of increasing gasoline prices and decreasing oil. In particular, the price of gasoline will increase slightly about 10-30 dong/liter; Oil decreased by 100-200 VND/liter.
During the adjustment period 6.2, the price of E5 RON 92 gasoline increased by 51 VND/liter to 20,442 VND/liter, while RON 95-III gasoline fell 74 VND/liter, to 20,928 VND/liter.
The price of oil products also decreased simultaneously. In particular, 0.05S diesel oil costs 19.054 VND/liter (down 192 VND/liter); Galat oil has a new price of 19,414 VND/liter (down 25 VND/liter); Mazut oil costs 17,354 VND/kg (down 148 VND/kg).
