Oil prices today, May 20, 2025: Oil prices remained stable in the first trading session of the week, despite Moody's downgrading the US sovereign credit rating and official data showing slowing growth in industrial production and retail sales in China.
Gasoline price today 05/20/2025
Recorded on Oilprice at 4:30 a.m. on May 20, 2025 (Vietnam time), Brent oil price was at 65.22 USD/barrel, down 0.26% (equivalent to a decrease of 0.17 USD/barrel).
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| Brent oil price on the world market early morning of May 20, 2025 (Vietnam time) |
Similarly, WTI oil price was at 62.46 USD/barrel, down 0.05% (equivalent to a decrease of 0.03 USD/barrel).
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| WTI oil price on the world market in the early morning of May 20, 2025 (Vietnam time) |
"Weaker-than-expected Chinese data is not helping the crude market, although I think the current correction is quite modest," said analyst Giovanni Staunovo of UBS bank.
Brent crude futures edged down 1 cent to $65.39 a barrel by 1438 GMT. U.S. West Texas Intermediate crude futures edged up 9 cents, or 0.1%, to $62.58 a barrel. The June WTI contract expires on Tuesday.
Both oil contracts rose more than 1% last week.
US Treasury Secretary Scott Bessent's statement that President Donald Trump would impose tariffs at the level he had threatened if partners did not negotiate in "good faith" added further pressure on the energy market.
"The current weakness is just a continuation of a series of volatile oil price movements with no clear direction, with the latest boost coming from Moody's downgrade and especially the warning from Mr. Bessent," said Mr. Ole Hansen of Saxo Bank.
Official data from China released on Monday showed industrial output growth slowed in April, although it was still higher than analysts had forecast.
Investors are also closely monitoring developments in nuclear negotiations between the US and Iran, a major oil producer, amid uncertainty over the outcome, which has helped limit the decline in oil prices.
"Nuclear negotiations between the US and Iran are not simple and could last for months," said John Evans, an oil broker at PVM.
Domestic gasoline prices today, May 20, 2025
Domestic retail gasoline prices on May 20, 2025 will be applied according to the adjustment session from 3:00 p.m. on May 15 by the Ministry of Finance - Ministry of Industry and Trade.
| Item | Price (VND/liter/kg) | Difference from previous period |
| E5 RON 92 gasoline | 19,180 | +403 |
| RON 95 gasoline | 19,594 | +415 |
| Diesel | 17,228 | +419 |
| Oil | 17,226 | +285 |
| Fuel oil | 16,160 | +627 |
Specifically, the price of E5 RON 92 gasoline increased by VND403/liter, to VND19,180/liter; RON 95 gasoline increased by VND415/liter, to VND19,594/liter.
Similarly, the price of diesel 0.05S: Increased by 419 VND/liter, to 17,228 VND/liter; kerosene increased by 285 VND/liter, to 17,226 VND/liter; mazut 180CST 3.5S increased by 627 VND/kg, to 16,160 VND/kg.
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| Gasoline prices today May 20, 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 20 adjustment sessions, including 9 sessions of decrease, 8 sessions of increase and 3 sessions of opposite direction.
Source: https://congthuong.vn/gia-xang-dau-hom-nay-20052025-gia-dau-di-ngang-388372.html
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