In the world market, as of 7:30 this morning (Vietnam time), WTI oil price increased slightly by 0.13 USD/barrel, to 60.04 USD/barrel; Brent oil price also increased by 0.14 USD/barrel, reaching 61.06 USD/barrel.
Previously, in the trading session on May 8, world oil prices increased by about 3% thanks to expectations for a new round of trade negotiations between the US and China.
US Treasury Secretary Scott Bessent is scheduled to meet Chinese officials in Switzerland on May 10 to discuss tariffs and trade, a development that has boosted optimism in global oil markets, although analysts warn of risks due to uncertainty over trade policy between the two countries.
In addition, supply pressure from OPEC+ is still present. Although the organization slightly reduced production in April, it still maintains its plan to increase production in the coming time, making it difficult for oil prices to increase sharply.
According to Citi Research, Brent oil prices in the next 3 months may fall to 55 USD/barrel, lower than the long-term forecast of 60 USD/barrel.
Analysts also said that if the US and Iran fail to reach a nuclear deal, oil prices could rise above $70 a barrel. Conversely, if there is an agreement, prices could fall back to nearly $50 a barrel.
In the domestic market, gasoline prices continue to be stable. Specifically, E5 RON 92 gasoline is priced at VND18,777/liter, while RON 95 gasoline is sold at VND19,179/liter.
At the operating session on May 8, 2025, the Ministry of Industry and Trade - Ministry of Finance adjusted the prices of petroleum products down, effective from today, May 9.
Specifically, the price of E5 RON 92 gasoline decreased by 377 VND/liter, currently not higher than 18,777 VND/liter; RON 95 gasoline decreased by 407 VND/liter, down to 19,179 VND/liter.
Oil prices also fell sharply. Diesel 0.05S fell by VND550/liter to VND16,809/liter. Kerosene fell sharply by VND623/liter to VND16,941/liter. Fuel oil fell by VND665/kg to VND15,533/kg.
In this adjustment, the joint ministries did not make any provision or disbursement from the Price Stabilization Fund for all petroleum products. This is the second consecutive price reduction in May, reflecting the cooling trend of world petroleum prices in the context of the global market being under pressure from trade negotiations and increased supply from producing countries.
Source: https://baonghean.vn/gia-xang-dau-hom-nay-9-5-2025-gia-dau-tang-nhe-10296886.html
Comment (0)