Global oil markets are trading in a cautious stance as major benchmarks show modest moves. Brent crude is around 72.23 USD per barrel, with the previous day at 72.13, seven days ago at 73.38, and thirty days ago at 95.44. WTI is 68.79 USD per barrel, with the previous day 68.23, seven days ago 70.06, and thirty days ago 92.74. These readings point to a softer near term tone compared with late spring levels, reflecting ongoing supply resilience and softening demand sentiment in the near term.
In the domestic market, regional price settings for a basket of fuels are listed in VND per liter. Region 1 and Region 2 show the following current prices: DO 0.001S-V 23,270 in Region 1 and 23,730 in Region 2; DO 0.05S-II 21,170 in Region 1 and 21,590 in Region 2; Gasoline E5 RON 92-II 19,730 in Region 1 and 20,120 in Region 2; Kerosene 2-K 20,960 in Region 1 and 21,370 in Region 2; Gasoline E10 RON 95-III 20,410 in Region 1 and 20,810 in Region 2; Gasoline E10 RON 95-V 21,610 in Region 1 and 22,040 in Region 2. Unit: VND per liter.
Across the board, Region 2 prices are higher than Region 1 by a few hundred dong per liter, with differentials ranging roughly from 390 to 460 VND per liter depending on the product. The regional premium in Region 2 suggests distribution costs or market margins as contributors to the price gap, while the domestic gasoline and kerosene categories remain broadly stable in the current cycle.
The news context over the last 24 hours highlights a mixed global tilt for fuel and oil. Reports indicate that price moves on July 7 reflect assessments of OPEC plus production changes and ongoing supply conditions, with international benchmarks showing Brent at 72.23 USD per barrel and WTI at 68.79, alongside prior readings of 72.13 for Brent and 68.23 for WTI from the previous day. The overall takeaway is a cautious near term outlook for local prices, supported by a steady export and supply environment unless unexpected shifts emerge in global demand or supply dynamics.
