Oil prices today May 27: World oil prices WTI and Brent slightly decreased

World oil prices

The energy market opened the trading session on May 27 with a slight downward signal for crude oil prices. Updated at 7:00 a.m. (Vietnam time), WTI oil prices decreased by 0.08 USD/barrel, equivalent to a decrease of 0.13%, currently anchored at 61.45 USD/barrel. At the same time, Brent oil prices also decreased by 0.04 USD/barrel, equivalent to a decrease of 0.06%, standing at 64.74 USD/barrel.

The previous trading session on May 26 ended with world oil prices almost flat. Market sentiment was quite cautious as investors were waiting for the results of the surprise meeting of the OPEC+ alliance, which was postponed to May 31, one day earlier than originally planned.

The move is expected to lead to a major decision on July production, which could see an additional 411,000 barrels per day added to the market. Although expectations of additional production have been raised, the OPEC+ alliance has not yet officially discussed the issue, according to Russian Deputy Prime Minister Alexander Novak.

Trading volumes were also lower than usual on Monday as the US markets entered the Memorial Day holiday. Commodity Context analyst Rory Johnston said the market had become tired of ambiguous signals, as investors became more cautious and waited for more concrete data.

He noted that OPEC's actual production in April still fell slightly, despite earlier plans to increase – which further added to the wait-and-see mentality.

In addition to internal developments in the production sector, geopolitical factors continue to influence oil prices. US President Donald Trump has just announced that he will extend the time for trade negotiations with the EU until July 9.

The move is seen as a positive factor, helping to somewhat cool concerns about the risk of an escalating tariff war, which could negatively affect global fuel demand.

However, not all experts are optimistic. Some analysts warn that the risk of oversupply is still present and could put downward pressure on prices in the near future. Suvro Sarkar of DBS Bank said that OPEC+'s strategy of increasing production too quickly is creating downward pressure on prices.

Meanwhile, Priyanka Sachdeva from Phillip Nova predicts that in the second half of 2025, the market could fall into a situation of oversupply if consumption demand weakens due to the impact of the US's global tariff policy.

Oil prices today May 27: World oil prices WTI and Brent slightly decreased

Domestic gasoline prices

For the domestic petroleum market, retail prices of products have also been adjusted, effective from May 27, 2025.

Accordingly, E5 RON 92 gasoline decreased by 58 VND/liter, down to 19,122 VND/liter. RON 95 gasoline decreased by 62 VND/liter, not higher than 19,532 VND/liter. On the contrary, the prices of all types of oil increased. Diesel 0.05S increased by 177 VND/liter, up to 17,405 VND/liter.

Kerosene increased by 88 VND/liter, not higher than 17,314 VND/liter. The price of 180CST 3.5S fuel oil increased by 352 VND/kg, reaching 16,512 VND/kg.

In this price adjustment period, the Ministry of Industry and Trade - Ministry of Finance decided not to set aside and not to use the Petroleum Price Stabilization Fund for all products such as E5RON92 gasoline, RON95 gasoline, diesel oil, kerosene, and fuel oil.

Source: https://baonghean.vn/gia-xang-dau-hom-nay-27-5-gia-dau-the-gioi-wti-va-brent-quay-dau-giam-nhe-10298300.html