Oil prices improve, surpassing the 80 USD/barrel mark; Domestic USD increases sharply, world continues to decrease

Oil prices improve, surpassing the 80 USD/barrel mark

Today, December 27, the international oil price improved as it continued to increase from the previous session. Brent oil price surpassed the important milestone of 80 USD/barrel.

Data from Oilprice shows that at 9:09 p.m. on December 26 (Vietnam time), Brent oil was trading at $80.6 per barrel, up $1.53, or 1.93%, from the previous session. WTI oil was at $75.12 per barrel, up $1.56, or 2.12%, from the previous session.

Oil prices rose as investors remained concerned that geopolitical tensions in the Middle East could limit supply and optimism about the possibility of the US Federal Reserve cutting interest rates early next year, analysts said.

Oil prices have improved, surpassing the 80 USD/barrel mark.

Oil prices were also supported by expectations that the Fed will start cutting interest rates next year, after US data released late last week showed inflation in the world's largest economy was cooling.

Easing interest rate pressures stimulate global economic growth and increase fuel demand, contributing to support oil prices.

The International Energy Agency (IEA) forecasts global oil demand will increase by 1.1 million barrels per day next year. Meanwhile, the Organization of the Petroleum Exporting Countries (OPEC) believes demand will increase by 2.25 million barrels per day.

In the domestic market, the selling prices of gasoline and oil today, December 27, are applied according to the prices at the management session on the afternoon of December 21 of the Ministry of Finance - Industry and Trade.

Accordingly, the retail price of gasoline and oil was adjusted to increase sharply, in which RON 95 gasoline increased the most after 5 consecutive decreases. Specifically, the price of E5 gasoline increased to 21,190 VND/liter. The price of RON 95 gasoline was raised to 22,140 VND/liter. The retail price of diesel oil was 19,520 VND/liter. The price of kerosene increased to 20,490 VND/liter.

Domestic USD suddenly increased sharply, world continued to decrease

USD exchange rate today December 27, USD VCB suddenly increased sharply by 70 VND in both buying and selling directions. World USD continued to decrease, maintaining the low level in nearly 5 months.

The central VND/USD exchange rate announced by the State Bank today is adjusted to 23,870 VND/USD, down 45 VND compared to the closing price of the trading session on December 26.

Domestic USD suddenly increased sharply, world continued to decrease.

Currently, the exchange rate allowed for trading by commercial banks ranges from 23,400 - 25,013 VND/USD. The US Dollar exchange rate has also been brought to the buying and selling range by the State Bank of Vietnam (SBV) from 23,400 to 25,013 VND/USD.

The USD exchange rate at banks and domestic foreign exchange rates this morning recorded a series of upward adjustments at banks. Specifically, Vietcombank has a buying price of 24,100 and a selling price of 24,470, an increase of 70 VND compared to the trading session on December 26. The current USD buying and selling prices are in the range of 23,400 - 25,300 VND/USD.

SJC gold skyrockets, continues to set a historical peak of 79.22 million VND

Today, SJC gold skyrocketed to a historical peak of 79.22 million VND/tael for sale, while world gold increased vertically.

At the time of survey at 5:00 a.m. on December 27, 2023, the gold price on the trading floors of some companies was as follows:

Today's 9999 gold price is listed by DOJI at 77.20 million VND/tael for buying and 79.50 million VND/tael for selling.

At Mi Hong Gold and Gemstone Company, at the time of survey, the listed price of SJC gold was at 77.90 - 79.30 million VND/tael (buy - sell).

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 77.40 - 79.10 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 77.00 - 79.70 million VND/tael (buy - sell).

Pepper prices increased sharply again, reaching 84,000 VND/kg

Pepper prices today in the Central Highlands and Southeast regions continue to increase strongly again, with traders purchasing prices ranging from 80,500 - 84,000 VND/kg.

Specifically, pepper prices in the Central Highlands increased by VND1,500/kg, fluctuating from VND80,500 - VND83,500/kg. Of which, pepper prices in Chu Se (Gia Lai) were purchased by traders at VND80,500/kg, pepper prices in Dak Lak and Dak Nong were purchased at VND83,500/kg.

Meanwhile, in the Southeast region, pepper prices increased by VND2,000/kg, ranging from VND81,000 - VND84,000/kg. Pepper prices in Ba Ria - Vung Tau were also purchased at VND81,000/kg, and in Binh Phuoc, they were purchased at VND84,000/kg.

Thus, after a slight decrease, pepper prices in key regions continued to increase strongly again.

According to the preliminary report of the General Department of Customs, exports in the first half of December 2023 reached 10,069 tons of pepper of all kinds, with a turnover value of 37.80 million USD, accumulated to mid-December 2023 reached 255,681 tons, up 35.32% in volume and 0.72% in value over the same period last year.

The average export price of pepper in the period reached 3,755 USD/ton, down 2.19% compared to the average export price of November 2023. The export price of Vietnamese black pepper was stable at 3,700 USD/ton for 500 g/l; 3,800 USD/ton for 550 g/l; and 5,500 USD/ton for white pepper.

Source: https://baonghean.vn/gia-xang-dau-khoi-sac-vuot-moc-80-usdthung-usd-trong-nuoc-tang-manh-the-gioi-tiep-tuc-giam-post282316.html