In the context of concerns about the possible third wave of Covid-19 outbreaks in the autumn and winter, oil and gas prices today are under pressure to decrease when oil supply is forecasted to increase again.
As the early morning of September 23rd, Vietnam time, on the New York Mercantile Exchange, WTI light sweet crude oil delivered in November 2020 was $ 39.68 / barrel, down $ 0.12 / barrel in the session. However, if compared with the same period on September 22nd, the WTI oil price delivered in November 2020 fell $ 0.20 / barrel.
Meanwhile, Brent oil price delivered in November 2020 was $ 41.65 / barrel, down $ 0.07 / barrel in the session and down $ 0.1 / barrel compared to the same period on September 22nd.
Oil prices on September 22nd continue to decline on concerns about the global fuel consumption outlook. After a period of good control, the Covid-19 epidemic is increasing again in many countries and is warned to increase sharply in the coming fall and winter.
The prospect of global economic recovery is also expected to be very difficult and depends on the fight against the Covid-19 pandemic. In his speech prepared before the hearing in the US House of Representatives, FED Chairman Jemero Powell emphasized that the US economy will only recover when the epidemic ends.
Tension between the US and China continuously escalated is also a factor aroused concerns about the prospects of global economic recovery.
In addition, today’s oil prices are also under pressure to reduce prices because of the possibility that oil supplies will increase in the near future when Libya will restart its mining operations and the US rigs in the Gulf of Mexico also exploit. back after the Beta storm passed.
On the domestic market, today’s oil and gas price are as follows: The gasoline price E5 RON 92 is not higher than 14,266 VND / liter (down 143 VND / liter compared to the current price); RON 95-III gasoline price is not higher than 14,984 VND / liter (down 130 VND / liter); 0.05S diesel oil is not higher than 11,518 VND / liter (down 443 VND / liter); kerosene is not higher than 9,593 VND / liter (down 532 VND / liter); mazut oil 180CST 3.5S not higher than 10,943 VND / kg (down 240 VND / kg).