Gasoline price today December 24: Green color covers everything

Oil prices today December 24, oil prices started the trading session in green with both Brent and WTI oil slightly increasing.

Oil prices today, December 24, oil prices started the trading session in the green with both Brent and WTI oil slightly increasing. (Source: Oilprice)

Earlier, at the end of the first trading session of the week (December 23), oil prices fell slightly amid sparse trading ahead of the Christmas holiday due to concerns about oversupply in 2025 and a stronger US dollar.

Brent crude fell 31 cents, or 0.43 percent, to $72.63 a barrel. WTI crude fell 22 cents, or 0.32 percent, to $69.24 a barrel.

In a December report, Macquarie analysts predicted a growing supply surplus next year, which would keep Brent crude prices at an average of $70.50 a barrel, down from an average of $79.64 this year.

Meanwhile, concerns about European supplies were eased by reports that the Druzhba pipeline, which carries Russian and Kazakh oil to Hungary, Slovakia, the Czech Republic and Germany, had restarted after being shut down since December 9 due to a technical problem at a Russian pumping station.

Oil prices fell during the session partly because the US dollar remained hovering around a two-year high.

With the US dollar moving from weak to strong, oil prices have lost some of their earlier gains, said UBS analyst Giovanni Staunovo.

A stronger dollar makes oil more expensive for holders of other currencies.

Last week, US data showing easing inflation helped ease concerns after the US Federal Reserve cut interest rates midweek.

Commenting on the decline in oil prices during the session, John Kilduff, partner at Again Capital in New York, said: "With the Fed sending mixed signals and some not-so-strong economic data, the market is gloomy."

Last week, Brent crude oil prices fell about 2.1%, while WTI crude oil prices “lost” 2.6% due to concerns about global economic growth and oil demand after the US Central Bank sent a cautious signal about easing monetary policy.

Research from Asia's top oil refiner Sinopec that China's oil consumption will peak in 2027 also weighed on prices.

Domestic retail prices of gasoline on December 24 are as follows:

E5 RON 92 gasoline is not more than 20,244 VND/liter.

RON 95-III gasoline is not more than 21,004 VND/liter.

Diesel oil not more than 18,733 VND/liter.

Kerosene not more than 18,968 VND/liter.

Fuel oil not exceeding 15,903 VND/kg.

The above domestic retail prices of gasoline and oil were adjusted by the Ministry of Finance - Industry and Trade in the price adjustment session on the afternoon of December 19. Due to the sharp increase in world gasoline and oil prices last week and a slight decrease in recent days, domestic gasoline and oil prices also increased simultaneously. The price of E5 RON 92 gasoline increased by 383 VND/liter, RON 95-III gasoline increased by 408 VND/liter, diesel increased by 478 VND/liter, kerosene increased by 402 VND/liter, and fuel oil increased by 329 VND/kg.

In this operating period, the joint ministries did not set aside or use the Petroleum Price Stabilization Fund for E5 RON 92 gasoline, RON 95 gasoline, diesel oil, kerosene, and fuel oil.

Source: https://baoquocte.vn/gia-xang-dau-hom-nay-2412-sac-xanh-bao-trum-298527.html