Gasoline prices today May 26: Increased across the board

On the morning of May 26, at 7:35 a.m. (Vietnam time), gasoline prices increased slightly by about 0.5%, WTI oil traded at 61.85 USD/barrel; Brent oil, the global standard, traded at 64.5 USD/barrel.

Last week, both oil benchmarks fell more than 1%.

The constant threat of tariffs, with additional sanctions on some markets, has sent global oil prices into a tailspin, analysts said. A commodity strategist told Reuters that the tariff threats were a stark reminder that the trade war was far from over and that the United States would have to bear the economic consequences.

Gasoline prices today 5/26/2025: Increased across the board - Photo 1.

World oil prices are fluctuating slightly

Recently, US President Donald Trump announced that he would increase tariffs on imports from Europe to the US to 50% on June 1. In addition, the world's crude oil supply is forecast to exceed demand as the Organization of the Petroleum Exporting Countries and its allies (OPEC+) may meet to further increase production in July by an additional 411,000 barrels per day.

Therefore, although oil prices have increased slightly, with the above factors, analysts believe that the market is being restrained from increasing prices.

Along with the world oil price decreasing slightly by more than 1% last week, on the morning of May 26, some southern oil traders predicted that domestic oil prices in the adjustment period next Thursday afternoon (May 29) may fluctuate in opposite directions, with gasoline prices increasing slightly and oil prices decreasing. However, the forecast may reverse if in the coming sessions, world oil prices fluctuate upward.

In the most recent price adjustment, domestic gasoline prices were also adjusted in opposite directions, with gasoline prices decreasing and oil prices increasing slightly./.

According to Thanh Nien Newspaper

Source: https://baolongan.vn/gia-xang-dau-hom-nay-26-5-bat-tang-dong-loat-a195934.html