Oil prices steadily increase; Japanese Yen exchange rate decreases at banks

Gasoline prices continue to rise

Oil prices today (December 19) on the international market continued to rise steadily due to concerns about supply disruptions. Brent crude oil prices exceeded 78 USD/barrel while WTI crude oil prices reached 73 USD/barrel.

On December 18, world oil prices continued to increase since last week.

World oil prices continued to rise due to low exports from Russia and developments related to oil tankers in the Red Sea raised concerns about disruptions in oil supplies.

Russia said on December 17 it would cut oil exports by at least 50,000 barrels per day or more in December, as the world's largest oil exporters try to support global oil prices.

World oil prices continued to increase since last week.

The move comes after Russia suspended exports of nearly 70% of its Urals crude oil due to a storm and scheduled maintenance on December 15.

In addition, oil prices increased due to concerns that the security situation in the Middle East could affect oil supplies after an attack on an oil tanker in the Red Sea.

Oil prices also received support from a weaker US dollar, which makes oil cheaper for buyers holding other currencies.

In the domestic market, the selling prices of gasoline and oil today (December 19) are applied according to the price of the operating session on the afternoon of December 14. Accordingly, gasoline and oil prices have all been adjusted down, in which the price of RON 95 gasoline has decreased for the 5th consecutive time. Specifically, the price of E5 gasoline has decreased to 20,510 VND/liter. The price of RON95 gasoline has decreased to 21,400 VND/liter. The price of diesel oil has decreased to 19,010 VND/liter. The price of kerosene has decreased to 19,960 VND/liter.

Japanese Yen exchange rate falls at banks

Japanese Yen exchange rates surveyed on the morning of December 19 at specific banks are as follows:

At Vietcombank, the buying rate is 165.92 VND/JPY and the selling rate is 175.63 VND/JPY, down 0.21 VND for buying and 0.23 VND for selling. At Vietinbank, the Yen rate decreased 0.38 VND for buying and selling, equivalent to 166.62 VND/JPY and 176.32 VND/JPY. At BIDV, it increased 0.72 VND for buying and 0.74 VND for selling, reaching 157.48 VND/JPY and 165.75 VND/JPY, respectively. At Agribank , the buying and selling rates are 158.80 VND/JPY and 163.74 VND/JPY, up 0.45 VND for buying and 0.48 VND for selling, respectively.

Japanese Yen exchange rate is falling at banks.

At Eximbank, the buying rate decreased by 0.01 VND and the selling rate decreased by 0.56 VND, respectively, to 168.51 VND/JPY and 173.27 VND/JPY. At Techcombank, the buying rate decreased by 0.11 VND and the selling rate decreased by 0.04 VND, respectively, to 164.40 VND/JPY and 175.52 VND/JPY. At Sacombank , the buying rate decreased by 0.15 VND and the selling rate decreased by 0.13 VND, respectively, to 168.65 VND/JPY and 175.22 VND/JPY.

According to the survey, today Sacombank is the bank with the highest buying rate of Japanese Yen and Agribank is the bank with the lowest selling rate among the banks.

Gold fluctuates in opposite directions

Today, domestic gold fluctuated up and down at banks, while world gold increased slightly.

At the time of survey at 5:00 a.m. on December 19, 2023, the gold price on the trading floors of some companies was as follows:

Today's 9999 gold price is listed by DOJI at 73.30 million VND/tael for buying and 74.35 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 73.60 - 74.30 million VND/tael (buy - sell).

SJC gold price at Bao Tin Minh Chau Company Limited is also traded by the enterprise at 73.46 - 74.30 million VND/tael (buy - sell). Meanwhile, at Bao Tin Manh Hai, it is being traded at 73.60 - 74.52 million VND/tael (buy - sell).

According to Kitco, the world gold price recorded at 5:00 a.m. today, Vietnam time, was at 2,026.655 USD/ounce. The world gold price today is 7,115 USD/ounce different from the world gold price yesterday. Converted according to the current exchange rate at Vietcombank, the world gold price is about 58.708 million VND/tael (excluding taxes and fees). Thus, the price of SJC gold bars is still 14.692 million VND/tael higher than the international gold price.

Domestic coffee prices remain high

Domestic coffee prices updated at 5:00 a.m. on December 19 were stable and at a high level. Currently, the average coffee price in the Central Highlands provinces is about 67,100 VND/kg, the highest purchase price in Dak Lak and Dak Nong provinces is 67,300 VND/kg.

Specifically, the coffee purchase price in Gia Lai and Kon Tum provinces is quite high at 67,200 VND/kg; In Dak Lak and Dak Nong provinces, coffee is purchased at the highest price of 67,300 VND/kg.

Green coffee beans (coffee beans, fresh coffee beans) in Lam Dong province in districts such as Bao Loc, Di Linh, Lam Ha, are purchased at 66,600 VND/kg.

Today's coffee price in Dak Lak province is the highest; in Cu M'gar district, coffee is purchased at 67,300 VND/kg, and in Ea H'leo district, Buon Ho town, it is purchased at the same price of 67,400 VND/kg.

Source: https://baonghean.vn/gia-xang-dau-vung-da-di-len-ty-gia-yen-nhat-giam-tai-cac-ngan-hang-post281853.html