Survey at 20h57 on 7.2 (Vietnam time), WTI oil price increased by 0.44 USD/barrel, equivalent to an increase of 0.62%, to 70.99 USD/barrel. Brent oil price increased by 0.39 USD, equivalent to an increase of 0.52%, to 74.68 USD/barrel.
According to Reuters, oil prices rise on Friday after new sanctions are applied to Iran's crude oil export activities. However, oil prices are on the rise of the third consecutive week, mainly due to the influence of the trade war between the US and China, as well as the threats of tax imposing on other countries.
The US Department of Finance said on Thursday (6.2) that, it would impose new sanctions on some individuals and oil ships, the objects that help transport millions of crude oils of Iran each year. China. This is a move to increase pressure on Tehran.
Michael HAIGH - Director of Global Production Research at Societe Generale - said: "President Donald Trump talked about the" maximum pressure "strategy for Iran. The market considers this as a rather serious problem. French bank predicts Iran's oil export will be half reduced. "
Mr. Trump has announced a 10% tax rate for goods imported from China as part of the large plan to improve the US trade balance, but postpone the plan to apply high tax rates to Mexico and Canada.
In a note on Friday, analysts at BMI said: "Pressure pressure comes from tariff -related information, with concerns about a trade war."
Oil prices fell on Thursday after Mr. Trump affirmed the commitment to increase the US oil production, making traders worried. This happened shortly after the United States announced the report on the amount of crude oil increased much higher than expected.
For domestic petroleum situation, representatives of a petrol and oil business analyzed domestic petroleum price will fluctuate according to the situation of world petroleum. According to the current market development, forecasting in the next operating period, gasoline prices may decrease. In particular, petrol price decreased by VND 200-300/liter; Oil decreased by VND 250-350/liter.
Domestic petroleum retail price on 8.2.2025 was applied at the price at the direction of the direction of 6.2.2025 of the Ministry of Finance - Industry and Trade.
In the adjustment session on 6.2, E5 RON 92 gasoline price increased compared to the previous adjustment period, costing 20,442 VND/liter (up 51 VND/liter). RON 95-III gasoline price decreased compared to the previous adjustment period, costing 20,928 VND/liter (down 74 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).
