Oil prices today April 6, 2025: Oil prices fell 7% to their lowest level in more than 3 years due to Chinese tariffs.
Gasoline price today April 6, 2025
Recorded on Oilprice at 4:00 a.m. on April 6, 2025 (Vietnam time), WTI oil price was at 62.32 USD/barrel, down 7.41% (equivalent to a decrease of 4.96 USD/barrel).
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| WTI oil price on the world market in the early morning of April 6, 2025 (Vietnam time) |
Similarly, Brent oil price was at 66.06 USD/barrel, down 6.50% (equivalent to a decrease of 4.56 USD/barrel).
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| Brent oil price on the world market early morning April 6, 2025 (Vietnam time) |
Oil prices fell 7% and closed at their lowest level in more than three years as China increased tariffs on US goods, Reuters reported.
China, the world's top oil importer, said it would impose an additional 34% tariff on all US goods starting April 10. Countries around the world have been preparing plans after Trump raised tariffs to the highest level in more than a century.
Commodities including natural gas, soybeans and gold also fell sharply, while global stock markets plunged. Investment bank JPMorgan said it now sees a 60% chance of a global recession by the end of the year, up from 40% previously.
Global benchmark Brent crude futures fell $4.56, or 6.5%, to $65.58 a barrel, while U.S. West Texas Intermediate crude futures fell $4.96, or 7.4%, to close at $61.99.
At its session low, Brent fell to $64.03 and WTI hit a four-year low of $60.45. For the week, Brent fell 10.9%, its biggest weekly percentage drop in a year and a half, while WTI posted its biggest weekly percentage drop in two years, falling 10.6%.
"Crude oil prices are probably close to fair value to me until we get some indication of how much demand has actually dropped. I think WTI is likely to be in the $50 to $55 range for the foreseeable future," said energy expert Scott Shelton of United ICAP, warning that demand will fall in the current market environment.
Federal Reserve Chairman Jerome Powell said in a speech that pointed to tough decisions ahead for the U.S. central bank, President Trump's new tariffs are larger than expected and the economic consequences, including higher inflation and slower growth, are likely to be as well.
Domestic gasoline prices today April 6, 2025
Domestic retail gasoline prices on April 6, 2025 will be applied according to the adjustment session from 3:00 p.m. on April 3 by the Ministry of Finance - Ministry of Industry and Trade.
| Item | Price (VND/liter/kg) | Difference from previous period |
| E5 RON 92 gasoline | 20,373 | +341 |
| RON 95 gasoline | 20,919 | +495 |
| Diesel | 18,478 | +261 |
| Oil | 18,735 | +211 |
| Fuel oil | 17,026 | +124 |
Specifically, the price of E5 RON 92 gasoline increased by VND341/liter, to VND20,373/liter; RON 95 gasoline increased by VND495/liter, to VND20,919/liter.
Similarly, the price of diesel 0.05S: Increased by 261 VND/liter, to 18,478 VND/liter; kerosene increased by 211 VND/liter, to 18,735 VND/liter; mazut 180CST 3.5S increased by 124 VND/kg, to 17,026 VND/kg.
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| Gasoline prices today April 6, 2025. Photo by Dinh Tuan |
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 2025 to now, domestic gasoline prices have undergone 14 adjustment sessions, including 5 decrease sessions, 6 increase sessions and 3 opposite sessions.
Source: https://congthuong.vn/gia-xang-dau-hom-nay-06042025-cham-day-hon-3-nam-qua-381709.html
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