Global oil markets moved modestly higher today as traders weigh supply and demand signals. Brent crude is trading at 76.23 USD per barrel, up from 76.08 yesterday, while WTI stands near 72 USD per barrel, up from 71.81. On a 30 day basis, Brent traded around 79.46 and WTI around 75.81, showing that current levels sit below the recent 30 day highs but above the nearer term levels. These dynamics support a cautious tone for global fuel prices, with gradual upside pressure in the near term.
Domestically, the market shows two region prices for each product with Region 2 consistently higher than Region 1. The following price pairs are observed (unit: VND per liter): DO 0.001S-V Region 1 23,840; Region 2 24,310; DO 0.05S-II Region 1 21,740; Region 2 22,170; Gasoline E5 RON 92-II Region 1 19,190; Region 2 19,570; Kerosene 2-K Region 1 21,610; Region 2 22,040; Gasoline E10 RON 95-III Region 1 20,000; Region 2 20,400; Gasoline E10 RON 95-V Region 1 21,200; Region 2 21,620. There is no change indicated for any product today.
The regional premium to Region 2 ranges roughly from 380 to 470 VND per liter, indicating a consistent regional pricing premium on the domestic market. The spread is 470 for DO 0.001S-V, 430 for DO 0.05S-II, 380 for Gasoline E5 RON 92-II, 430 for Kerosene 2-K, 400 for Gasoline E10 RON 95-III, and 420 for Gasoline E10 RON 95-V per liter.
Market news over the last 24 hours highlights ongoing coverage of fuel prices with reports of upward price momentum and expectations of potential adjustments later in the day. Domestic prices remain unchanged in the current data set while global crude prices show a modest uptick.
