Oil prices today, November 5, on the world market, crude oil prices traded today suddenly plummeted sharply when spot prices on the exchanges decreased by nearly 1 USD/barrel.

Specifically, in the early morning trading session of November 5, the crude oil price board on the Trading Economics and OilPrice exchanges recorded a sharp decline in world crude oil prices.

Gasoline prices today November 5: Strong fluctuations

Specifically, at 6:27 a.m. (Vietnam time) on the crude oil trading page Trading Economics, the spot price of WTI crude oil was selling at 60.3 USD/barrel, down slightly by 0.7 USD/barrel, equivalent to a decrease of 1.17% compared to yesterday. Light sweet Brent crude oil was trading at 64.2 USD/barrel, down 0.6 USD/barrel, equivalent to a decrease of 0.9% in price compared to yesterday.

Volatile fluctuations in the world crude oil spot market

Due to fluctuations, the average oil price in November compared to the previous month decreased from 1.8% to more than 2%. Compared to the same period last year, the crude oil price continued to decrease from 14% to more than 16%.

Brent crude futures fell to around $64.50 a barrel on Tuesday after four days of gains, amid persistent concerns about oversupply despite OPEC+’s decision to halt output increases early next year, Trading Economics said.

The producer group agreed to a small increase in output in December but will halt any further increases from January to March due to seasonal fluctuations in demand. The decision comes amid expectations that the oil market could face a surplus by 2026, with supply continuing to rise from both OPEC and non-OPEC producers.

However, some analysts warn that supply risks remain, citing tighter US sanctions on Russian oil majors Rosneft and Lukoil as well as Ukraine’s continued attacks on its energy infrastructure.

Ukraine’s latest drone attack set fire to an oil tanker and disabled some loading facilities at the Black Sea port of Tuapse, home to the Rosneft refinery.

World crude oil suddenly plummeted after many consecutive days of increase

Gasoline price today November 5: Domestic gasoline price increase

Today’s gasoline prices, November 5, were adjusted according to the joint decision of the Ministry of Industry and Trade – Ministry of Finance on October 30, accordingly, gasoline prices increased sharply.

Specifically, gasoline prices increased by over 700 VND/liter, and oil prices increased from 1,100 VND/liter to over 1,300 VND/liter.

– E5RON92 gasoline increased by 710 VND/liter compared to the current base price, the retail price is not higher than 19,760 VND/liter, lower than RON95-III gasoline by 728 VND/liter;
– RON95-III gasoline increased by 762 VND/liter compared to the current base price, the retail price is not higher than 20,488 VND/liter;
– 0.05S diesel increased by 1,318 VND/liter compared to the current base price, the retail price is not higher than 19,203 VND/liter;
– Kerosene increased by 1,156 VND/liter compared to the current base price, the retail price is not higher than 19,271 VND/liter;
– 180CST 3.5S fuel oil increased by 541 VND/kg compared to the current base price, the retail price is not higher than 14,639 VND/kg.

The Ministry of Industry and Trade said that the world oil market in this operating period (from October 23, 2025 to October 29, 2025) is affected by main factors such as: The US announced sanctions on the two largest oil and gas corporations in Russia; new trade negotiations between the US and India and China; OPEC+ expected to slightly increase oil production in December; the military conflict between Russia and Ukraine continues, focusing on each other’s energy facilities… The above factors have caused world oil prices to increase sharply in recent days.

The average price of finished petroleum products in the world between the price adjustment period on October 23, 2025 and the adjustment period on October 30, 2025 is: 79.326 USD/barrel of RON92 gasoline used to blend E5RON92 gasoline (up 3.951 USD/barrel, equivalent to an increase of 5.24%); 82.158 USD/barrel of RON95 gasoline (up 3.955 USD/barrel, equivalent to an increase of 5.06%); 90.928 USD/barrel of kerosene (up 6.573 USD/barrel, equivalent to an increase of 7.79%); 90.942 USD/barrel of 0.05S diesel (up 7.459 USD/barrel, equivalent to an increase of 8.93%); 387,642 USD/ton of 180CST 3.5S fuel oil (up 19,084 USD/ton, equivalent to an increase of 5.18%).