Gasoline price today November 27: Continue to decrease

World oil prices

At 6:00 a.m. on November 27, Brent crude oil price decreased by 0.2 USD, equivalent to 0.27%, to 72.81 USD/barrel. WTI crude oil price decreased by 17 cents, equivalent to 0.25%, to 68.77 USD/barrel.

Oil prices continued to fall after Israel agreed to a ceasefire with Lebanon, reducing risk appetite for oil. The deal is expected to take effect today. Israeli Prime Minister Benjamin Netanyahu said he was ready to implement the ceasefire with Lebanon and would respond strongly to any violation by Hezbollah.

Oil prices continue to fall. (Photo: Punchg).

A ceasefire could put pressure on crude prices, as the US administration is likely to ease sanctions on Iranian oil, said StoneX analyst Alex Hodes.

In addition, OPEC and its allies (OPEC+) are still discussing continuing to postpone the plan to increase oil production, expected to start in January 2025, ahead of a meeting on December 1 to decide policy for the first months of next year.

The fire has been rekindled by OPEC+ continuing to delay production increases and US President-elect Donald Trump’s plan to impose 25% import tariffs on Canada and Mexico, but that hasn’t been enough to support WTI prices above $70 a barrel, said analyst John Kilduff of Again Capital.

US crude inventories fell 5.935 million barrels, while gasoline inventories rose 1.814 million barrels and distillate inventories rose 2.543 million barrels.

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 continues not to set aside or use the petroleum price stabilization fund for any products.

Ngoc Vy

Source: https://vtcnews.vn/gasoline-price-to-date-27-11-tiep-tuc-di-xuong-ar909842.html