Oil prices fluctuate again

Oil prices today October 27, 2024: The escalating conflict between Iran and Israel is shaking the global oil market with potential risks.

Gasoline price today October 27, 2024

Recorded on Oilprice at 5:00 a.m. on October 27, 2024 (Vietnam time), WTI oil price was at 71.69 USD/barrel, up 2.27% (equivalent to an increase of 1.59 USD/barrel).

WTI oil price on the world market in the early morning of October 27, 2024 (Vietnam time)

Similarly, Brent oil price was at 75.9 USD/barrel, up 2.25% (equivalent to an increase of 1.67 USD/barrel).

Brent oil price on the world market early morning October 27, 2024 (Vietnam time)

The escalating conflict between Iran and Israel is roiling global markets, with concerns growing about the potential impact on gold and oil prices. Israel’s long-awaited retaliatory airstrikes on Iran late Thursday added to geopolitical risks, raising fears of further escalation.

Israeli air strikes, accompanied by explosions in Syria and attacks on targets in Lebanon, have also raised concerns about disruptions to oil supplies.

If the conflict continues without cooling down, the risk of Brent crude oil prices skyrocketing to $80/barrel remains very high.

Domestic retail gasoline prices on October 27, 2024 will be applied according to the adjustment session from 3:00 p.m. on October 24 by the Ministry of Finance - Ministry of Industry and Trade.

Item	Price (VND/liter/kg)	Difference from previous period
E5 RON 92 gasoline	19,682	-38
RON 95 gasoline	20,894	-68
Diesel	18,057	-264
Oil	18,570	-57
Fuel oil	16,229	+139

Specifically, the price of E5 RON 92 gasoline decreased by 38 VND/liter, down to 19,692 VND/liter; RON 95 gasoline decreased by 68 VND/liter, down to 20,894 VND/liter.

Diesel 0.05S price: Decreased by 264 VND/liter, down to 18,057 VND/liter; Kerosene decreased by 57 VND/liter, down to 18,570 VND/liter; Mazut 180CST 3.5S increased by 139 VND/kg, at 16,229 VND/kg.

Gasoline price today October 27, 2024. Photo PC

In this management period, the Ministry of Industry and Trade - Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and mazut oil.

Thus, from the beginning of 2024 to now, domestic gasoline prices have undergone 42 adjustment sessions, including 21 decrease sessions, 17 increase sessions and 5 opposite sessions.

Source: https://congthuong.vn/gia-xang-dau-hom-nay-27102024-gia-dau-lai-bien-dong-355008.html