Oil prices today, November 3, 2024: WTI oil price is at 69.33 USD/barrel, up 0.33%, while Brent oil price is at 72.94 USD/barrel, up 0.4%.
Gasoline price today November 3, 2024
Recorded on Oilprice at 5:00 a.m. on November 3, 2024 (Vietnam time), WTI oil price was at 69.33 USD/barrel, up 0.33% (equivalent to an increase of 0.23 USD/barrel).
 |
| WTI oil price on the world market in the early morning of November 3, 2024 (Vietnam time) |
Similarly, Brent oil price was at 72.94 USD/barrel, up 0.4% (equivalent to an increase of 0.29 USD/barrel).
 |
| Brent oil price on the world market early morning November 3, 2024 (Vietnam time) |
During the week, Brent crude oil prices fell about 4%, while WTI crude oil prices fell about 3%.
Oil prices were volatile during the session as any additional response from Iran is likely to remain limited, similar to Israel's limited strike last weekend, according to SEB Research analyst Ole Hvalbye.
Previous Iranian airstrikes on Israel have caused only minor damage, Reuters reported .
Iran, a member of the Organization of the Petroleum Exporting Countries (OPEC), produced about 4 million barrels of oil per day in 2023.
Iran is expected to export about 1.5 million barrels per day this year, up from an estimated 1.4 million barrels per day in 2023, according to analysts and US government reports.
Supporting oil prices, in addition to the above factors, is the expectation that OPEC and its allies (OPEC+) may delay their planned oil production increase in December by a month or more due to concerns about weak oil demand and rising supply. The OPEC+ decision could come as early as next week.
While OPEC+ curbs output, US oil major Exxon Mobil says its global output has hit an all-time high.
The US Energy Information Administration also reported that this week, US oil production hit a record 13.5 million barrels per day.
Domestic retail gasoline prices on November 3, 2024 will be applied according to the adjustment session from 3:00 p.m. on October 31 by the Ministry of Finance - Ministry of Industry and Trade.
Item | Price (VND/liter/kg) | Difference from previous period |
E5 RON 92 gasoline | 19,408 | -284 |
RON 95 gasoline | 20,503 | -391 |
Diesel | 18,148 | +91 |
Oil | 18,833 | +263 |
Fuel oil | 16,461 | +232 |
Specifically, the price of E5 RON 92 gasoline decreased by VND284/liter, down to VND19,408/liter; RON 95 gasoline decreased by VND391/liter, down to VND20,503/liter.
Diesel 0.05S price: Increased by 91 VND/liter, at 18,148 VND/liter; Kerosene increased by 263 VND/liter, at 18,833 VND/liter; Mazut 180CST 3.5S increased by 232 VND/kg, at 16,461 VND/kg.
 |
| Gasoline price today November 3, 2024. Illustration photo |
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 2024 to now, domestic gasoline prices have undergone 43 adjustment sessions, including 21 decrease sessions, 17 increase sessions and 6 opposite sessions.
Source: https://congthuong.vn/gia-xang-dau-hom-nay-3112024-tang-nhe-356408.html
Comment (0)