Oil prices 9/11/2025: Oil prices increase after a series of international events
Gasoline prices today, September 11: World oil prices increased slightly after geopolitical fluctuations, but abundant supply still puts the market under a lot of pressure.
World oil prices today
As of 4:00 a.m. on September 11, world oil prices recorded a slight increase when Brent traded at 66.95 USD/barrel, up 56 cents (0.8%). US WTI crude oil also increased 56 cents, or 0.9%, to 63.19 USD/barrel.
Previously, oil prices jumped nearly 2% after Israel announced an attack on Hamas leaders in the capital Doha, Qatar, but quickly fell back.
Tensions in Europe have also risen as Poland shot down a drone for the first time in a major Russian attack in Ukraine. However, analysts say there is no immediate risk of supply disruption.
While geopolitical risks may boost oil prices in the short term, the market is under pressure from oversupply. SEB analysts said Brent was $2 lower than last week, suggesting concerns about an oil surplus outweighed the impact of regional tensions.
The US Energy Information Administration (EIA) also forecasts that global oil prices will continue to be under pressure in the coming months as inventories increase and OPEC+ continues to expand production. The latest data shows that crude oil, gasoline and distillate inventories in the US all increased last week.
In addition to supply and demand factors, oil prices are also influenced by political moves. US President Donald Trump has called on the European Union to impose 100% tariffs on goods from China and India, in order to increase pressure on Russia. These are the two main markets for Russian oil, helping Moscow maintain its revenue since the start of the conflict in Ukraine in 2022.
However, experts from LSEG said that the US's push for tough measures could contradict efforts to control inflation and expectations that the Federal Reserve (Fed) will lower interest rates at its mid-September meeting. If the Fed cuts interest rates, oil demand could be stimulated, but the prospect of oversupply remains a key factor holding back the oil price recovery.
Domestic oil prices today
The Ministry of Industry and Trade adjusted the prices of petroleum products, effective from 3 p.m. on September 4. Accordingly, most key products increased slightly compared to the previous adjustment period.
Domestic retail prices of gasoline on September 11 are as follows:
- E5 RON 92 gasoline price increased by 80 VND, to 19,851 VND/liter.
- RON 95 gasoline price increased by 76 VND, to 20,439 VND/liter.
- Diesel oil increased the most with an increase of 116 VND, to 18,473 VND/liter.
- Kerosene price remained stable at 18,314 VND/liter.
- Fuel oil price increased by 116 VND to 15,376 VND/kg.
During this period, the Ministry of Industry and Trade - Ministry of Finance decided not to set aside the Price Stabilization Fund for any petroleum products. The decision to adjust prices was made based on world price developments, the VND/USD exchange rate and current regulations.
The aim of this adjustment is to ensure that domestic prices most closely reflect world market fluctuations, maintain a reasonable difference between E5 and RON 95 gasoline to encourage consumers to use biofuels, and balance the interests of relevant parties.
The Ministry of Industry and Trade requires petroleum businesses to ensure adequate supply to the market and closely coordinate with authorities in inspection and supervision. Any violations will be strictly handled.
