Oil prices today October 26, 2024: Oil prices rose 4% this week, as investors assessed the ongoing conflict in the Middle East and the US election.
Gasoline price today October 26, 2024
Recorded on Oilprice at 5:00 a.m. on October 26, 2024 (Vietnam time), WTI oil price was at 71.69 USD/barrel, up 2.27% (equivalent to an increase of 1.59 USD/barrel).
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| WTI oil price on the world market in the early morning of October 26, 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).
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| Brent oil price on the world market in the early morning of October 26, 2024 (Vietnam time) |
For the week, Brent oil prices increased by 4%, WTI oil prices increased by 3.7%.
“ It really seems like the market is in a wait-and-see mode until we get some answers to some of the questions about Israel, the war and the election, ” said Phil Flynn, senior analyst at Price Futures Group.
According to this analyst, the election is creating uncertainty in many markets, making many people cautious, not ready to make big commitments because of the possibility of volatility.
Investors around the world are flocking to the US dollar, betting on increased volatility ahead of the US presidential election on November 5, as well as elections in Japan, interest rate decisions by three major central banks and the UK government 's new budget presentation.
Geopolitics is the main driver of markets, according to Tim Snyder, chief economist at Matador Economics. The situation in the Middle East remains “tense.” Israel continues to strike Lebanon, even hitting a border crossing with Syria.
US Secretary of State Antony Blinken said there was an urgent need to find a diplomatic solution to end the conflict between Israel and Hezbollah in Lebanon, and called for the protection of civilians.
US and Israeli officials are expected to restart talks on a ceasefire and the release of hostages in Gaza in the coming days.
Domestic retail gasoline prices on October 26, 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.
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| Gasoline price today October 26, 2024. Illustration photo |
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-26102024-gia-dau-on-dinh-tang-4-trong-tuan-354850.html
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