Gasoline price today November 22: Oil price continues to increase

World oil prices

At 6:00 a.m. on November 22, Brent crude oil price increased by 1.42 USD, equivalent to 1.95%, to 74.23 USD/barrel. WTI crude oil price increased by 1.35 USD, equivalent to 2%, to 70.1 USD/barrel.

Oil prices rose nearly 2% as tensions between Russia and Ukraine escalated rapidly, raising market concerns about crude supplies if the conflict spreads.

Oil prices continue to rise. (Photo: Reuters).

Market attention has now turned to growing concerns about the escalation of the conflict in Ukraine, commented Ole Hvalbye, commodities analyst at SEB.

Russia is the world's second-largest crude oil exporter after Saudi Arabia, so a major disruption there could impact global supplies.

For oil, the risk lies in Ukraine targeting Russia's energy infrastructure, while another risk is uncertainty about how Russia will respond to these attacks, ING analysts said.

Limiting gains during the session was a rise in U.S. gasoline and crude inventories that exceeded analysts' expectations, while distillate inventories fell more than expected.

Domestic gasoline prices

In the operating period on November 21, the price of E5 gasoline decreased by 109 VND/liter, not higher than 19,343 VND/liter. The price of RON95 gasoline decreased by 79 VND/liter, not higher than 20,528 VND/liter.

Diesel price decreased by 64 VND/liter, down to 18,509 VND/liter. Kerosene price decreased by 67 VND/liter, down to 18,921 VND/liter. Fuel oil price increased by 5 VND/kg, not higher than 16,014 VND/kg.

In this management period, the Ministry of Industry and Trade - Ministry of Finance continued not to set aside or use the petrol price stabilization fund for any products.

Ngoc Vy

Source: https://vtcnews.vn/gasoline-price-today-november-22-gasoline-price-continues-to-increase-ar908909.html