On the morning of October 30, oil prices reversed to increase after 3 consecutive sessions of decrease, Brent oil increased by 0.52 USD/barrel, equivalent to 0.8%, to 64.92 USD/barrel; WTI oil increased by 0.33 USD/barrel, equivalent to 0.6%, to 60.48 USD/barrel.
According to data just released by the US Energy Information Administration (EIA), US crude oil, gasoline and distillate fuel reserves all fell more deeply than analysts expected in a previous Reuters poll. Specifically, last week, US crude oil inventories fell by nearly 7 million barrels, far exceeding the expected decrease of only 211,000 barrels.
The sharp decline has forced investors to reconsider their forecasts of a large oil market surplus as OPEC+ continues to increase production. Analysts have also expressed doubts about this forecast of oversupply.
Domestic gasoline prices may increase sharply from this afternoon. PHOTO: NHAT THINH
The market today is looking forward to information about tomorrow's meeting between US President Donald Trump and Chinese President Xi Jinping. The meeting is expected to help ease concerns about a global economic slowdown due to the impact of recent tariff policies and trade wars.
Domestically, updated forecasts as of this morning show that gasoline prices will increase sharply in the afternoon's adjustment period. Gasoline prices are estimated to increase by 700 - 760 VND/liter; gasoline and diesel prices will increase by 1,100 - 1,350 VND/liter; fuel oil will increase by 550 VND/kg.
The above forecast does not include the Petroleum Price Stabilization Fund. Since the beginning of the year, domestic petroleum prices have been adjusted 44 times, of which RON95 gasoline has increased 24 times, decreased 20 times; diesel has increased 21 times, decreased 22 times and remained unchanged once./.
According to Thanh Nien Newspaper
Source: https://thanhnien.vn/gia-xang-dau-hom-nay-30102025-xang-trong-nuoc-tang-manh-tu-chieu-nay-185251030080944085.htm
Source: https://baolongan.vn/gia-xang-dau-hom-nay-30-10-xang-trong-nuoc-tang-manh-tu-chieu-nay-a205515.html
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