Market

Update on gasoline and oil prices on August 4th: Continue to fall deeply

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Update on gasoline and oil prices on August 4th: World oil prices in today's trading session continued their deep decline.

Retail gas prices today 4.8

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Retail gas prices today, August 4th, of Petrolimex continue to be stable in many areas across the country.

Pepper price today 4.8: Market forecast continues to fluctuate

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Pepper prices today, August 4th: The domestic pepper market is trending in the same direction as the international exchange.

Coffee prices today 4. 8: World Arabica prices plummet

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Coffee price today August 4: Domestic average price is still 96,500 VND/kg. In the world, Arabica decreased sharply, while Robusta only increased very slightly.

Live hog price today 4.8: Continuously decreasing, highest only 63,000 VND/kg

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Live hog prices today continue to decrease in many provinces and cities, fluctuating from 60,000 - 63,000 VND/kg.

Oil prices plummeted due to the possibility of the Fed raising interest rates

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Concerns about the Fed raising interest rates after the Fed Chairman's comments pushed oil prices down in the session on March 8 (Vietnam time). Brent oil price dropped to 82 USD/barrel.

Oil prices maintain upward momentum thanks to optimism about demand

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China's economy recovered, inflation in major economies slowed down, causing oil prices in the trading session on March 6 (Vietnam time) to continue to maintain their upward momentum.

Oil prices regain momentum thanks to expectations of demand recovery

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In the trading session on January 1 (Vietnam time), oil prices regained their upward momentum thanks to the hope of a strong recovery of the Chinese economy. Domestic gasoline prices are expected to decrease slightly in this afternoon's adjustment period, around 300-600 VND/liter (kg).

Pressure of the USD pushes world oil prices down

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Trading session on February 28 (Vietnam time), oil prices reversed and decreased due to the strengthening of the USD and concerns that the Fed will increase interest rates higher than expected

World oil prices fall as the USD strengthens

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In the trading session on February 22 (Vietnam time), world oil prices decreased in the context of the USD index increasing beyond the 104 point mark.

World oil price hits weekly low

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In the trading session on the weekend of February 18 (Vietnam time), oil prices fluctuated strongly due to many information surrounding supply, reserves, demand prospects, etc. Brent oil prices accordingly fell to 82 USD/barrel.

Extending the downward trend, Brent oil prices fell below $86

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In the trading session on February 15 (Vietnam time), information that the US will release crude oil from strategic reserves caused oil prices to plummet. Brent oil prices fell below $86/barrel.

Many new factors cause oil prices to sink into red

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In the trading session on February 6 (Vietnam time), oil prices continued to decline due to concerns about higher interest rate increases by the US Federal Reserve (Fed) in its anti-inflation strategy.

World oil price slides long below the 80 USD/barrel mark

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In the trading session on February 4 (Vietnam time), oil prices plummeted after the US employment data. Brent oil price slides long below the 80 USD/barrel mark

Oil prices continue to decrease, the market raises many concerns

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In the trading session on February 3 (Vietnam time), the recovery of the USD and US economic data pushed oil prices down.

Concerns about economic recession hindering oil price increase

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In the trading session on January 26 (Vietnam time), oil prices continued to move in opposite directions after information about increased US crude oil reserves and concerns about a global economic recession hindered optimism about demand recovery in China.

There are additional supporting factors, Brent oil price exceeds 86 USD/barrel

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Increased demand from China continues to be a factor that drives oil prices to accelerate in the trading session on January 20 (Vietnam time). Brent oil price increased to more than 86 USD/barrel.

Concerns about economic recession pushing oil prices down

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In the trading session on January 19 (Vietnam time), oil prices decreased by about 1% due to concerns about the possibility of economic recession in the US overwhelming optimism about China's lifting of COVID-19 epidemic control measures.

The prospect of recovery demand pushes Brent oil prices closer to 84 USD/barrel

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In the trading session on January 13 (Vietnam time), oil prices continued to increase, following US CPI data and demand prospects in China.

Global pressure weighs on oil prices

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In the trading session on January 7 (Vietnam time), Brent and WTI oil prices increased and decreased in opposite directions as the market balanced between fluctuations in the USD, the US employment report and a series of global pressures weighing on oil prices.