World oil prices
Specifically, at 6:20 a.m. on October 11 (Vietnam time), the crude oil trading price on Trading Economics showed that the spot price of WTI crude oil was selling at 59.8 USD/barrel, a slight increase of 0.06 USD/barrel, equivalent to an increase of 0.1% compared to yesterday.
Light sweet Brent crude oil traded at $63.60/barrel, up slightly by $0.008/barrel, or 0.01% in price compared to yesterday.
Due to fluctuations, the average oil price in November decreased by 1.4% compared to the previous month. Compared to the same period last year, crude oil prices continued to decrease by 11% to over 12%.
According to Dan Viet newspaper, Trading Economics website commented that Brent oil price fell to 63.44 USD/barrel on November 9, down 0.30% compared to the previous day. Over the past month, Brent oil price increased by 1.13%, but is still 11.68% lower than the same period last year, according to trading on contracts for difference (CFD), an index tracked on the benchmark market of this commodity.
Domestic gasoline prices
Today’s gasoline and oil prices, November 10, were adjusted according to the joint decision of the Ministry of Industry and Trade – Ministry of Finance on November 6. Accordingly, gasoline prices decreased slightly, while oil prices increased:
– E5RON92 gasoline retails at VND19,682/liter, VND734/liter lower than RON95-III gasoline;
– RON95-III gasoline retails at VND20,416/liter;
– Retail diesel 19,323 VND/liter;
– Kerosene retail price 19,395 VND/liter;
– Mazut oil 180CST 3.5S retails at 14,320 VND/kg.
According to the Ministry of Industry and Trade, the world oil market in this operating period (from October 30, 2025 to November 5, 2025) is affected by main factors such as: The US Federal Reserve (Fed) cuts interest rates; the USD appreciates; US crude oil inventories increase, US gasoline and distillate inventories decrease; OPEC+ agrees to slightly increase oil production in December 2025 and temporarily suspend the increase in oil production in the first quarter of 2026; the military conflict between Russia and Ukraine continues…
The above factors have caused world oil prices to increase and decrease in recent days depending on the product.
Leave a Reply