
Global oil markets were mixed as new data emerged. Brent crude is trading at 95.86 USD per barrel and WTI at 88.79 USD per barrel, higher than the previous day when Brent traded at 92.45 and WTI at 86.25. Over the past seven days Brent has traded around 97.76 and the 30 day level was near 105.69, while WTI traded around 90.34 over seven days and 94.78 over 30 days. The latest readings suggest firmer near term crude prices, supported by supply concerns and expectations for demand.
Within the domestic market, price reductions are posted across several fuel products in both regions. The posted prices per liter are as follows: DO 0.001S-V is 28,620 VND/L in Region 1 and 29,190 VND/L in Region 2, down 1,470 VND/L. DO 0.05S-II is 26,820 VND/L in Region 1 and 27,350 VND/L in Region 2, down 1,870 VND/L. Gasoline E5 RON 92-II is 19,390 VND/L in Region 1 and 19,770 VND/L in Region 2, down 1,500 VND/L. Kerosene 2-K is 26,400 VND/L in Region 1 and 26,920 VND/L in Region 2, down 2,200 VND/L. Gasoline E10 RON 95-III is 19,840 VND/L in Region 1 and 20,230 VND/L in Region 2, down 1,310 VND/L. Gasoline E10 RON 95-V is 21,840 VND/L in Region 1 and 22,270 VND/L in Region 2, down 810 VND/L. Unit is VND per liter.
In aggregate, declines vary by product with the largest reduction seen in kerosene 2-K and other fuel categories following the domestic adjustment. The price spread between Region 1 and Region 2 remains relatively narrow across products, indicating pricing alignment across regions.
Market news from the last 24 hours shows that international oil prices continued to climb while domestic prices were lowered following the scheduled adjustment implemented on 12 November. Reports note ongoing global price strength driven by supply considerations, while the domestic market responds with notable price reductions for gasoline and other fuels.