Oil prices today June 6, 2025: Oil prices rose more than 1%, recovering from the previous decline, thanks to information from Chinese state media saying that President Xi Jinping had a phone call with US President Donald Trump.
Gasoline price today June 6, 2025
Recorded on Oilprice at 4:30 a.m. on June 6, 2025 (Vietnam time), Brent oil price was at 65.57 USD/barrel, up 1.11% (equivalent to an increase of 0.72 USD/barrel).
Brent oil price on the world market early morning June 6, 2025 (Vietnam time) |
Similarly, WTI oil price was at 63.58 USD/barrel, up 1.13% (equivalent to an increase of 0.71 USD/barrel).
WTI oil price on the world market early morning June 6, 2025 (Vietnam time) |
Geopolitical developments and wildfires in Canada, which could disrupt production, are helping to support oil prices despite concerns about oversupply in the second half of the year as OPEC+ is expected to increase production, said Tamas Varga, an analyst at PVM.
Adding to the downward pressure on prices, Saudi Arabia, the world's largest oil exporter, cut its July crude oil prices to Asian customers to near two-month lows.
The price drop comes after OPEC+ announced plans last weekend to increase production by 411,000 barrels per day in July.
According to Reuters sources, the strategy of Saudi Arabia, the country leading OPEC, is partly to punish member countries that exploit over quotas, by gradually lifting the commitment to cut 2.2 million barrels/day from June to the end of October, to regain market share.
“The evolution of oil demand will depend on trade negotiations between the US and its partners,” said PVM’s Varga.
Data released on Wednesday showed the US services sector contracted in May for the first time in nearly a year.
In addition, the US Labor Department said the number of new unemployment claims in the week ending May 31 rose for the second consecutive week, indicating that labor market conditions are weakening as the US economy faces pressure from tariffs imposed by Mr. Trump.
The U.S. nonfarm payrolls report for May, due Friday, could influence the Federal Reserve’s interest rate policy. Meanwhile, investors are also closely monitoring geopolitical tensions in the Middle East, according to UBS expert Giovanni Staunovo.
Domestic gasoline prices today June 6, 2025
Domestic retail gasoline prices on June 6, 2025 will be applied according to the adjustment session from 3:00 p.m. on June 5 by the Ministry of Finance - Ministry of Industry and Trade.
Item | Price (VND/liter/kg) | Difference from previous period |
E5 RON 92 gasoline | 19,263 | +67 |
RON 95 gasoline | 19,698 | +133 |
Diesel | 17,420 | +284 |
Oil | 17,420 | +176 |
Fuel oil | 16,178 | -86 |
Specifically, the price of E5RON92 gasoline increased by 67 VND/liter, to 19,263 VND/liter; RON95 gasoline increased by 133 VND/liter, to 19,698 VND/liter.
Diesel 0.05S price: Increased by 284 VND/liter, at 17,420 VND/liter; kerosene increased by 176 VND/liter, at 17,284 VND/liter; fuel oil 180CST 3.5S decreased by 86 VND/kg, down to 16,178 VND/kg.
Gasoline prices today June 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 23 adjustment sessions, including 9 decrease sessions, 9 increase sessions and 5 opposite sessions.
Ngoc Hung
Source: https://congthuong.vn/gia-xang-dau-hom-nay-06062025-gia-xang-dau-cung-tang-391034.html
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