Oil prices fluctuate slightly, market awaits US inflation data

Oil prices fluctuate slightly. Illustration photo: Oil and Gas Group

Specifically, Brent oil price increased 0.2% to 82.01 USD/barrel. US WTI oil price increased 0.1% to 76.92 USD/barrel.

Brent oil price is trading at 82.01 USD/barrel. Photo: screenshot

According to Reuters, the results of the consumer expectations survey in January showed that the inflation outlook for 1 year and 5 years from now was unchanged, both remaining above the Fed's 2% target.

US inflation data is due out today, while UK inflation data and eurozone gross domestic product (GDP) are due out a day later.

Oil demand concerns remain, with Asian trading expected to be thin as most countries in the region are on Lunar New Year holidays.

Oil prices were capped after Israel said it had ended its military operations in southern Gaza, easing concerns about Middle East supplies.

Analysts at energy consultancy Ritterbusch and Associates also said global crude oil supplies have not been disrupted and the rerouting of oil shipments around the Red Sea has not significantly reduced global crude oil supplies.

Meanwhile, news of US oil production has also helped ease supply concerns. US energy companies recently increased the number of active oil and natural gas rigs to the highest level since mid-December 2023. US oil production rose to a record high of 13.3 million barrels per day last week.

The retail prices of domestic gasoline on February 13 are as follows: E5 RON 92 gasoline is not more than VND 22,120/liter; RON 95-III gasoline is not more than VND 23,260/liter; diesel oil is not more than VND 20,700/liter; kerosene is not more than VND 20,580/liter; mazut oil is not more than VND 15,590/kg.

Source: https://laodong.vn/kinh-doanh/gia-dau-bien-dong-nhe-thi-truong-cho-du-lieu-lam-phat-cua-my-1303608.ldo