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World oil prices

As of 4:30 AM (Vietnam time), WTI crude oil prices fell slightly by $0.21 to $60.53 per barrel. Brent crude oil also decreased by a similar amount to $64.01 per barrel.

However, in morning trading (US time), oil prices showed signs of a slight recovery. Brent crude rose to $64.87 per barrel, while WTI crude reached $61.45 per barrel.

Previously, both types of oil had plummeted 14–15% in a single trading session following Trump's tariff announcement on April 2nd.

According to Goldman Sachs' forecast, Brent crude oil prices could remain at $62 per barrel by the end of 2025 and fall to $55 by the end of 2026. Meanwhile, WTI crude oil could drop to $58 by the end of this year and continue to decline to $51 by the end of next year.

Natasha Kaneva, head of global commodity strategy at JPMorgan, believes the US is prioritizing lowering oil prices to below $50 a barrel. The administration is willing to accept a period of "industry disruption" similar to the 2014 price war between OPEC and US shale oil, if it helps lower oil production costs in the long term.

Nevertheless, the oil market has shown signs of a slight recovery thanks to renewed stability in the stock market. The main Wall Street indexes rebounded in recent sessions after a sharp sell-off. According to Warren Patterson of ING, the market is overreacting to forecasts of declining demand, but the actual extent of this reaction remains unclear.

Furthermore, President Trump unexpectedly announced that the US and Iran could begin negotiations regarding the nuclear program. However, Iran insists that the talks will only take place indirectly. According to analyst Helima Croft of RBC Capital Markets, if the negotiations are successful, it could lead to increased Iranian oil exports, while if they fail, military tensions could escalate.

In addition to political factors, the market is also paying attention to US crude oil inventory data. A preliminary survey from Reuters suggests that inventories of crude oil and distillates may have increased by about 1.6 million barrels last week. Details will be released by the American Petroleum Institute on Tuesday evening and by the Energy Information Agency on Wednesday.

Domestic fuel prices

On the afternoon of April 3rd, the Ministry of Finance and the Ministry of Industry and Trade announced adjustments to retail gasoline and diesel prices, effective from April 9th, 2025. Accordingly, the prices of all gasoline and diesel products have been increased.

Specifically, the price of E5 RON 92 gasoline increased by 341 VND/liter, reaching 20,373 VND/liter. RON 95 gasoline also saw a sharp increase of 495 VND/liter, reaching 20,919 VND/liter. The price of 0.05S diesel was adjusted up by 261 VND/liter, to 18,478 VND/liter. Kerosene increased by 211 VND/liter, reaching 18,735 VND/liter. 180CST 3.5S fuel oil also increased by 124 VND/kg, reaching 17,026 VND/kg.

In this price adjustment period, the Inter-Ministerial Committee did not allocate funds to or utilize the Fuel Price Stabilization Fund for any petroleum products. This move aims to more accurately reflect the recent fluctuations in global fuel prices.

Since the beginning of 2025, the domestic petroleum market has undergone 14 price adjustments. These include 6 price increases, 5 price decreases, and 3 adjustments with opposing prices for gasoline and diesel.

The current retail prices will be applied until the next price adjustment on April 10th. Given the sharp drop in global oil prices last week, it is highly likely that domestic gasoline and diesel prices will also decrease in the upcoming adjustment.

Source: https://baoquangnam.vn/gia-xang-dau-hom-nay-9-4-2025-thap-nhat-trong-4-nam-qua-3152337.html