Gasoline price today November 26: Turning down

World oil prices

At 6:00 a.m. on November 26, Brent crude oil price decreased by 2.16 USD, equivalent to 2.87%, to 73.01 USD/barrel. WTI crude oil price decreased by 0.01 USD, equivalent to 0.01%, to 68.95 USD/barrel.

Oil prices fell after reports that Israel and Lebanon had agreed to the terms of a deal to end the Israel-Hezbollah conflict.

Giovanni Staunovo, an expert at UBS, said that this information was the main factor in the decline in oil prices. However, he emphasized that the real impact will depend on whether the agreement is implemented or not.

Phil Flynn, senior analyst at Price Futures Group, said the price swings reflected concerns about supply. He noted that oil prices surged last week after Russia launched hypersonic missiles into Ukraine in response to Ukraine’s attack on Russian territory using U.S. and British weapons.

Gasoline prices go down. (Photo: Minh Duc).

Separately, Azerbaijan Energy Minister Parviz Shahbazov told Reuters that OPEC+ could maintain current production cuts at its upcoming meeting on Sunday, reflecting the group's caution in adjusting supply amid market volatility.

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-26-11-quay-dau-di-xuong-ar909625.html