Gasoline price today May 20: Continuing the upward trend

On the morning of May 20, gasoline prices increased slightly, Brent oil increased 13 cents, to 65.54 USD/barrel; WTI oil increased 20 cents, to 62.69 USD/barrel.

Signs show that the nuclear talks between the US and Iran are falling into a deadlock as the US demands that Iran reduce its uranium enrichment activities to zero, while Iran insists that its nuclear energy program is purely for peaceful purposes. According to analysts, if the negotiations go smoothly, it will pave the way for the easing of US sanctions and allow Iran to increase its oil exports by 300,000 - 400,000 barrels per day.

World oil prices fluctuate due to new factors from negotiations

The inconclusive negotiations have not only dampened supply expectations but also overshadowed Moody's downgrade of the US sovereign credit rating. Moody's cut the US sovereign credit rating by one notch yesterday, from the highest level of Aaa to Aa1, raising questions about the economic health of the world's largest oil consumer.

Oil prices are likely to remain volatile in the near future, analysts said today, as investors await updates on tariffs, US-Iran talks and talks to end the conflict in Ukraine.

Domestically, in the face of rising world prices, this morning (May 20), some petroleum traders estimated that oil prices at the adjustment session on the afternoon of May 22 could continue to increase from last week, but gasoline products could decrease slightly. The decrease was less than 100 VND/liter; the highest increase was no more than 300 VND/liter/kg./.

According to Thanh Nien Newspaper

Source: https://thanhnien.vn/gia-xang-dau-hom-nay-2052025-keo-dai-da-tang-185250520084257965.htm

Source: https://baolongan.vn/gia-xang-dau-hom-nay-20-5-keo-dai-da-tang-a195596.html