Gasoline and diesel prices today, June 13th: Plummeting, Brent hits a more than 3-month low.

The oil market continued to face strong selling pressure at the end of the week as expectations of a deal between the US and Iran increased, helping to ease concerns about potential supply disruptions in the Middle East.

Lock During the session, Brent crude oil prices fell 3.37 % to $87.33 per barrel – the lowest level since early March. Meanwhile, prices... WTI oil also Oil prices fell 3.23% to $84.88 per barrel, the lowest since mid-April.

Market sentiment improved following reports that Washington and Tehran are nearing an agreement to end months of tension. According to Reuters , a Western source said a memorandum of understanding between the two sides could be finalized very soon if the final negotiations go smoothly.

However, Iranian officials insist the document has not yet been signed and some important details are still under discussion. Iranian media outlets report that the discussions are currently focused on nuclear and economic issues, while the missile program is not within the scope of negotiations.

Another factor contributing to the weakening oil prices is the expectation that the Strait of Hormuz – the shipping route for about 20% of global oil and liquefied natural gas (LNG) – could soon resume normal operations if tensions ease.

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From prioritizing Vietnamese products to stimulating the domestic market.After 17 years of implementing the "Vietnamese people prioritize using Vietnamese goods" campaign, it has created a widespread impact throughout the province, contributing to changing people's awareness and consumer behavior, while also encouraging businesses to improve product quality, build brands, and stimulate domestic consumption.

Gasoline and diesel prices today, June 24th: Falling to a 4-month low, the market is watching the Hormuz.World oil prices continued to weaken on Tuesday as investors focused on the pace of resumption of shipping activity through the Strait of Hormuz following positive signals from the US-Iran negotiations.

In recent weeks, the risk of disruptions to shipping via Hormuz has created a significant " geopolitical risk premium" for oil prices. However, the market is now beginning to gradually eliminate this premium as the likelihood of reaching a diplomatic agreement is assessed as higher.

Nevertheless, many experts believe the risks have not completely disappeared. Oil inventories in many parts of the world remain low, and even if an agreement is reached, fully restoring oil flows may take more time.

ING analysts believe the market could face a turning point at the end of July if supply is not fully restored. At that point, seasonal demand combined with low inventories could cause oil prices to rebound , possibly even reaching the $120-$130 per barrel range .

From a long-term perspective, Goldman Sachs has just lowered its forecast for the average Brent crude oil price in 2027 to around $80 per barrel due to increased global supply and slower demand growth. Despite this, Therefore, Goldman Sachs still expects prices to remain above average in 2025 due to commercial oil stockpiling by OECD countries and the security risk premium associated with potential supply disruptions .

Meanwhile, OPEC has lowered its forecast for global oil demand growth in 2026 to 970,000 barrels per day from its previous forecast of 1.17 million barrels per day, marking the second consecutive downward revision.

However, this group of oil-producing countries also believes that demand will eventually recover. OPEC forecasts that world oil demand in 2027 will increase by 1.73 million barrels per day, 190,000 barrels per day higher than its previous forecast.

Quang Trung

Source: https://baoninhbinh.org.vn/gia-xang-dau-hom-nay-136-lao-doc-brent-cham-day-hon-3-thang-260613053545068.html