USD rises across the board; Oil prices continue to plummet, falling far below $80/barrel

USD increased simultaneously

USD exchange rate today December 6, 2023, USD VCB reversed to increase by 25 VND in both buying and selling directions. World USD continued to increase slightly, close to 104 points.

The central VND/USD exchange rate announced by the State Bank today is adjusted to 23,926 VND/USD, down 13 VND compared to the closing price of the trading session on December 5.

Currently, the exchange rate allowed for trading by commercial banks ranges from 23,400 - 25,072 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank of Vietnam from 23,400 to 25,072 VND/USD.

The USD exchange rate at banks and domestic foreign exchange rates this morning recorded a series of upward adjustments at banks. Specifically, Vietcombank has a buying price of 24,060 and a selling price of 24,430, an increase of 25 VND compared to yesterday's trading session. The current USD buying and selling prices are in the range of 23,400 - 25,300 VND/USD.

Oil prices continue to plummet, falling far below $80/barrel

Today's gasoline and oil prices on the international market, December 6, 2023, continue to decline. Brent and WTI oil prices are falling further and further away from the $80/barrel mark.

According to data from Oilprice, at 8:38 p.m. on December 5 (Vietnam time), Brent crude oil was trading at $77.24 per barrel, down $0.79, or 1.01%, from the previous session. WTI crude oil was trading at $72.28 per barrel, down $0.76, or 1.04%, from the previous session.

Oil prices continue to plummet. Photo: Caspian News

According to analysts, world oil prices continue to fall due to uncertainties surrounding voluntary production cuts by the Organization of the Petroleum Exporting Countries and its allies (OPEC+), tensions in the Middle East and weak economic data from the US.

Oil prices continued to face pressure as traders remained skeptical about OPEC+'s policy of voluntary cuts of nearly 2.2 million barrels per day in the first quarter of 2024.

Besides, concerns about falling demand also put pressure on oil prices.

In the domestic market, the selling price of gasoline and oil today, December 6, is applied according to the price of the operating session on the afternoon of November 30. Gasoline and oil prices are adjusted in opposite directions. Accordingly, the price of E5 gasoline increased to 21,790 VND/liter. The price of RON95 gasoline decreased to 22,990 VND/liter.

Diesel prices dropped to VND20,190 per liter, while kerosene prices increased to VND21,110 per liter.

Domestic gold continues to increase steadily to 74 million VND/tael

Gold price today (December 6): Domestic gold price increased slightly and steadily at 74 million VND/tael. World gold price continued to decrease.

At the time of survey at 5:00 a.m. on December 6, 2023, the gold price on the trading floors of some companies was as follows:

DOJI listed the price of 9999 gold at 72.80 million VND/tael for buying and 74.10 million VND/tael for selling.

At Mi Hong Gold and Gemstone Company, at the time of survey, the listed price of SJC gold was at 73.00 - 74.00 million VND/tael (buy - sell).

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 73.20 - 74.18 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 73.20 - 74.62 million VND/tael (buy - sell).

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