Gasoline price today October 11, 2025: Crude oil price drops sharply, hits multi-month low

Oil prices today October 11: The ceasefire agreement between Israel and Hamas has caused a sharp drop in risk aversion, pulling crude oil prices to their lowest level in months.

World oil price today October 11, 2025

Global crude oil markets continued to fall in the final session of the week as geopolitical risks cooled following the Gaza peace deal.

Brent crude fell $1.73, or 2.7%, to $63.49 a barrel, its lowest since early June. US West Texas Intermediate (WTI) futures also fell $1.71, or 2.8%, to $59.80 a barrel, their lowest since early May.

Experts say progress in the Middle East reconciliation process has helped ease psychological pressure on the energy market, especially concerns about the safety of oil shipping routes through the Suez Canal and the Red Sea.

Under the deal signed by Israel and Hamas, fighting will halt, Israeli troops will partially withdraw from Gaza and Hamas will release all hostages in exchange for the release of hundreds of Palestinian prisoners. This is the first step in a US-brokered plan to end the conflict.

Since 2023, several oil tankers have been attacked by pro-Iranian Houthi forces while passing through Yemeni waters, increasing the risk of oil transport. The signing of the ceasefire has helped ease tensions, reducing the need to store oil as a defensive asset.

After the conflict subsided, investors began to focus again on the possibility of a crude oil surplus. OPEC and its partners (OPEC+) agreed to ease production cuts, leading the market to expect a supply increase in the coming period.

However, the output increase in November was lower than expected, helping to limit some of the downward pressure on prices.

ANZ analysts said the signing of the ceasefire agreement would bring the market focus back to supply and demand factors, especially as global oil inventories are rising.

In addition, concerns about a prolonged US government shutdown could slow the world's largest economy , affecting energy demand. With the US being the world's largest oil consumer, any signs of economic weakness will have a direct impact on crude oil prices.

For the week, Brent fell about 1.7%, while WTI fell 1.9%. After a slight increase midweek due to the deadlock in the Ukraine peace process, the market quickly reversed and fell again when geopolitical risks in the Middle East cooled.

Domestic gasoline prices today

Starting from 3:00 p.m. on October 9, gasoline prices will be officially adjusted down.

- E5RON92 gasoline: No higher than 19,138 VND/liter

- RON95-III gasoline: No higher than VND 19,729/liter

- Diesel 0.05S: Not higher than 18,604 VND/liter

- Kerosene: Not higher than 18,434 VND/liter

- Mazut oil 180 CST 3.5S: Not higher than 14,808 VND/kg

In this price adjustment, the management agency continues not to use funds from the Petroleum Price Stabilization Fund.

Looking back from the beginning of the year until now, the petroleum market has experienced many fluctuations. The price of RON 95 gasoline has increased a total of 23 times and decreased 19 times. Similarly, the price of diesel has also increased 21 times, decreased 19 times and remained unchanged once.

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Source: https://baonghean.vn/gia-xang-dau-hom-nay-11-10-2025-gia-dau-tho-giam-sau-cham-day-nhieu-thang-10308023.html