Gasoline price today December 10: Continue to decrease

At 6:00 AM on December 10th, WTI crude oil was priced at $58.25 per barrel, down $0.63 per barrel, while US Brent crude oil was at $62.10 per barrel, down $0.39 per barrel.

World oil prices

World oil prices continued to fall today after Iraq resumed production at a major oil field, while the market closely monitored developments in peace negotiations in Ukraine.

Two Iraqi energy officials said that the West Qurna 2 field, operated by Lukoil and one of the world's largest oil fields, has resumed operations after a leak in the export pipeline caused production cuts. The field has a capacity of approximately 460,000 barrels per day, accounting for 0.5% of global oil supply.

Oil prices fell after reports emerged that Iraq had temporarily suspended production at the field, but quickly adjusted downwards once operations resumed.

In another development, progress in peace negotiations on Ukraine remains slow, especially regarding security guarantees for Kiev and the status of Russian-controlled territories. However, US President Donald Trump is still pushing for an agreement.

World oil prices continued to fall today. (Illustration: Reuters).

“If any peace deal is reached in Ukraine in the near future, Russian oil exports could increase and put downward pressure on oil prices,” said PVM analyst Tamas Varga, while ANZ analysts said any significant progress in negotiations could alter global oil supplies by more than 2 million barrels per day.

Meanwhile, the ceasefire is the biggest downside factor to the bullish outlook, while lingering damage to Russia's oil infrastructure poses downside risks, said Vivek Dhar, energy and mining commodities strategist at Commonwealth Bank of Australia.

Domestic gasoline prices

At the price adjustment on the afternoon of December 4th, the price of E5 RON92 gasoline increased by 534 VND/liter, not exceeding 19,822 VND/liter. The price of RON95 gasoline increased by 451 VND/liter, not exceeding 20,460 VND/liter.

Conversely, the price of diesel decreased by 420 VND/liter, not exceeding 18,380 VND/liter. The price of kerosene decreased by 580 VND/liter, not exceeding 18,893 VND/liter. The price of fuel oil decreased by 52 VND/kg, not exceeding 13,436 VND/kg.

Since the beginning of the year, the price of RON95 gasoline has increased 27 times and decreased 23 times. The price of diesel fuel has increased 24 times, decreased 24 times, and remained unchanged once.

Source: https://baolangson.vn/gia-xang-dau-hom-nay-10-12-tiep-tuc-giam-5067512.html