Oil prices today April 21, 2025: WTI and Brent oil rebound

Oil prices today April 21, 2025: Oil prices recorded a weekly increase when both Brent and WTI crude oil recovered 5% of the price loss from the decline in previous weeks.

Gasoline price today April 21, 2025

Recorded on Oilprice at 4:30 a.m. on April 21, 2025 (Vietnam time), Brent oil price was at 67.85 USD/barrel, up 3.20% (equivalent to an increase of 2.11 USD/barrel).

Brent oil price on the world market in the early morning of April 21, 2025 (Vietnam time)

Similarly, WTI oil price was at 64.45 USD/barrel, up 3.54% (equivalent to an increase of 2.21 USD/barrel).

WTI oil price on the world market in the early morning of April 21, 2025 (Vietnam time)

World oil prices have just recorded a strong weekly increase, ending a two-week decline. The increase mainly comes from factors supporting supply and expectations of improved trade relations between the US and the EU.

One of the reasons for the surge in oil prices is the US imposing additional sanctions to tighten Iran’s oil exports, including on many companies and shipping vessels linked to China. This has raised concerns about global supply shortages and pushed back risk premiums.

At the same time, OPEC announced an update to its production cut plan for some member countries, raising the adjustment level from 196,000 - 520,000 barrels/day, higher than the previous level. This move contributed to tightening the market and supporting price increases.

Besides the supply factor, the prospect of trade negotiations between the US and the EU, especially after the meeting between US President Donald Trump and Italian Prime Minister Giorgia Meloni, also created positive sentiment for the market.

Brent crude ended the week up 7%, returning to $68 a barrel; WTI rose more than 5%. Also last week, the European Central Bank (ECB) cut interest rates by another 25 basis points to 2.25%, the seventh reduction in a year. The ECB also warned that economic growth would be hit hard by US tariffs, reinforcing expectations of further policy easing in the coming months.

Domestic gasoline prices today April 21, 2025

Domestic retail gasoline prices on April 21, 2025 will be applied according to the adjustment session from 3:00 p.m. on April 17 by the Ministry of Finance - Ministry of Industry and Trade.

Item	Price (VND/liter/kg)	Difference from previous period
E5 RON 92 gasoline	18,498	-384
RON 95 gasoline	18,856	-351
Diesel	17,037	-206
Oil	17,184	-229
Fuel oil	15,960	+58

Specifically, the price of E5 RON 92 gasoline decreased by VND384/liter, down to VND18,498/liter; RON 95 gasoline decreased by VND351/liter, down to VND18,856/liter.

The price of 0.05S diesel decreased by VND206/liter to VND17,037/liter; kerosene decreased by VND229/liter to VND17,184/liter; the price of 180CST 3.5S mazut increased by VND58/kg to VND15,960/kg.

Gasoline prices today April 21, 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 16 adjustment sessions, including 7 decrease sessions, 6 increase sessions and 3 opposite sessions.

Ngoc Hung

Source: https://congthuong.vn/gia-xang-dau-hom-nay-21042025-dau-wti-va-brent-bat-tang-384050.html