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Gasoline prices on the world market continued to rise. Concerns about supply pushed oil prices higher.
In the world market, the current price of crude oil continued to record an increase in the price of two popular oils.
According to Oilprice data, at 9:24 a.m. on Feb. 8 (Vietnamese time), the price of Brent crude delivered in April was trading at USD 83.64/barrel. WTI oil price delivered in March traded at USD 77.2/bbl.
At 7:00 PM (Vietnam Time) on February 7, the price of Brent crude oil for April delivery was USD 82.18/barrel, an increase of USD 1.19, equivalent to 1.47% compared to the previous session. just before. WTI oil price delivered in March traded at USD 75.34/barrel, up USD 1.23, equivalent to 1.66% compared to the previous session.
Oil prices rose as supply concerns continued to affect the market.
The market expects consumption demand in China to increase after the country relaxes measures to contain the Covid-19 epidemic.
Petrol prices continue to rise (Photo: Thanh Tung)
The CEO of the International Energy Agency (IEA) expects half of global oil demand growth this year to come from China, adding that demand for jet fuel is shrinking in the country.
In addition, investors are also concerned about supply continuing to impact the market when the recent earthquake in Turkey triggered oil flow to the export port of Ceyhan, with a capacity of more than 1 million barrels/day, on the Mediterranean coast. is interrupted.
However, oil gains could be capped by information from a preliminary poll by Reuters that showed US crude inventories likely rose by about 2.2 million barrels last week.
In addition, the increase in the oil price was also limited by the strong USD breakout. The dollar has now risen to a three-week high against the euro. A stronger dollar increases investment costs and the trade of physical goods for crude oil.
In addition, exchange rate pressures make US crude exports more expensive for partners and affect consumer demand.
In the domestic market, the sale price of gasoline and oil on February 8 is applied according to the price of the January 30 executive meeting of the Interministerial Ministry of Finance – Ministry of Industry and Trade.
Accordingly, gasoline E5 RON 92 increased by 970 VND / liter, the selling price was 22,320 VND / liter. RON95 gasoline increased by 990 VND/litre, to 23,140 VND/litre. Diesel oil increased by 890 VND/litre, the sales price was 22,520 VND/litre. The price of kerosene is 22,576 VND/litre, the price of heating oil is 13,934 VND/litre.
@Vietnamnet
