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| VPI forecasts that gasoline prices will increase in the operating period tomorrow, June 12. Photo: VNA |
According to Mr. Doan Tien Quyet, data analysis expert of VPI, the gasoline price forecasting model applying the Artificial Neural Network (ANN) model and the supervised learning algorithm in Machine Learning of VPI predicts that the retail price of E5 RON 92 gasoline may increase by 173 VND (0.9%) to 19,433 VND/liter, while RON 95-III gasoline may increase by 217 VND (1.1%) to 19,907 VND/liter.
VPI's model predicts that retail oil prices will also increase this period, specifically diesel may increase by 1.8% to VND17,734/liter, kerosene may increase by 1.6% to VND17,556/liter, and fuel oil is forecast to increase by 1.3% to VND16,380/kg. VPI predicts that the Ministry of Finance - Industry and Trade will continue not to set aside or use the Petroleum Price Stabilization Fund this period.
In the world market, oil prices in the session of June 10 remained near the highest level in 7 weeks, in which Brent oil futures decreased slightly by 0.3%, down to 66.87 USD/barrel; US light sweet crude oil (WTI) decreased by 0.5%, down to 64.98 USD/barrel. Previously, in the session of June 9, both Brent and WTI oil closed at the highest level since the end of April.
After two days of high-level negotiations in London, the United States and China have reached a key framework agreement, opening up new prospects for resolving trade disputes between the world's two largest economies . Analysts say a trade deal between the world's two largest economies could boost oil prices by supporting global economic growth and increasing oil demand.
However, analysts at energy consultancy Ritterbusch and Associates said the upward trend in oil prices on June 9 appeared to be technical and such increases could easily weaken without new positive news.
According to VNA
Source: https://baoapbac.vn/kinh-te/202506/vpi-du-bao-gia-xang-dau-dong-loat-tang-trong-ky-dieu-hanh-126-1045035/
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