Oil prices in the world today on May 29 In the morning session of May 29, according to Vietnam time, on the New York Mercantile Exchanghe, the price of WTI light sweet crude oil delivered in July 2021 stood at $66.63 per barrel, down $0.22 per barrel. in session. Meanwhile, Brent oil price delivered in August 2021 stood at 69.04 USD/barrel, down 0.16 USD/barrel during the session.
It can be seen that the world crude oil price fell today mainly because the consumption market will fluctuate negatively because of the Covid-19 epidemic and the US-China tensions continue to increase.
According to the latest information, Malaysia has decided to blockade the country from June 1 in the context of a record increase in the number of new Covid-19 infections.
The US-China issue has been heating up recently when information about the two countries’ officials having just held talks was broadcast in the context that the US is said to be reviewing the level of compliance with commitments under the phase 1 agreement of the US and China. China. Recently, the US and China have had tensions that many experts fear will have a huge impact on the prospect of a global economic recovery.
In particular, there are many concerns that crude oil supply from Iran will soon return to the market when the news that China and India are both making moves to access cheap crude oil from this country also cause crude oil prices to drop today. light.
Petrol price today in the country: On May 27, the Inter-Ministry of Industry and Trade – Finance adjusted gasoline prices according to the operating cycle for petroleum products.
Accordingly, the price of gasoline E5 RON 92 is not higher than 18,426 VND/liter; the price of gasoline RON 95-III is not higher than 19,531 VND/liter; the price of diesel oil 0.05S is not higher than 14,774 VND/liter; the price of kerosene is not higher than 13,825 VND/liter; the price of mazut oil 180CST 3.5S is not higher than 14,279 VND/kg.