Gasoline price today October 9, 2024: World crude oil price suddenly drops sharply
Oil prices today October 9, 2024: World crude oil prices unexpectedly dropped more than 4%. Specifically, WTI oil price is at 73.90 USD/barrel, down 4.63%; Brent oil price is at 77.45 USD/barrel, down 4.3%.
World oil prices today
Crude oil prices on the world market fell significantly on the morning of October 9, with an average decrease of more than 3 USD/barrel compared to October 8.
Specifically, WTI crude oil price reached about 73.8 USD/barrel, down 3.3 USD/barrel, or 4.28%. Meanwhile, Brent oil price was 77.4 USD/barrel, down 3.5 USD/barrel, or 4.3%.
Compared to the same period last year, WTI and Brent oil prices decreased by 12.6% and 10.3% respectively.
Despite yesterday's and year-over-year declines, crude oil prices are still up nearly 8% for September, with WTI and Brent up 7.6% and nearly 8%.
Oil prices fell more than 4% on news of a possible ceasefire between Hezbollah and Israel, but were still supported somewhat by concerns about the possibility of Iran attacking oil infrastructure.
Israel warned residents to stay away from several areas south of Beirut late Tuesday, after Iran launched a missile at Israel on October 1. Israel also said it would take retaliatory action and was considering options.
Some analysts say the likelihood of Israel attacking Iran's oil infrastructure is low and warn that oil prices could fall if Israel targets other targets.
Gasoline prices today
Domestic retail prices of gasoline on October 9 are as follows:
E5 RON 92 gasoline is not more than VND 18,850/liter; RON 95-III gasoline is not more than VND 19,803/liter; Diesel oil is not more than VND 17,401/liter; Kerosene is not more than VND 17,651/liter; Mazut oil is not more than VND 15,003/kg.
The above domestic retail prices of gasoline and oil will be adjusted by the Ministry of Finance and the Ministry of Industry and Trade in the price management session on the afternoon of October 10. Due to the sharp increase in world gasoline and oil prices last week, it is likely that domestic gasoline and oil prices will also increase.
In the most recent price adjustment period (October 3), the price of E5 RON 92 gasoline decreased by 770 VND/liter, RON 95-III gasoline decreased by 715 VND/liter, diesel decreased by 105 VND/liter, kerosene decreased by 222 VND/liter, and fuel oil decreased by 354 VND/kg.
