Petrol prices today 10/11: Brent oil up $42
Positive news about the Covid-19 vaccine has driven up gasoline prices today.
As of early morning on November 10, Vietnam time, on the New York Mercantile Exchanghe, the WTI light sweet crude oil delivered in December 2020 stood at 39.83 USD / barrel, down 0.46 USD / barrel. in session. However, if compared with the same time on 9/11, the WTI oil price delivered in December 2020 increased 1.64 USD / Ounce.
Meanwhile, the price of Brent oil delivered in January 2021 stood at 42.01 USD / barrel, down 0.39 USD / barrel in the session but increased to 1.51 USD compared to the same time on 9/11.
Oil prices on November 10 tended to increase strongly in the context of investors expecting Covid-19 vaccine to be soon deployed, ending the biggest threat and risk to the global economic picture.
Specifically, US pharmaceutical giant Pfizer and German biotechnology company BioNTech said the Covid-19 vaccine was more than 90% effective in preventing Covid-19 infection, based on data from phase trials. the end of Pfizer and BioNTech.
Today’s oil prices are also driven by the expectation that the US will soon reach a consensus and deploy a new economic stimulus package to support the country’s economic recovery after the pandemic.
However, oil prices on November 10 are also under pressure to reduce prices when the ability to absorb economic stimulus and support packages is still an open question and accompanied by the risk of inflation and major debt. cover increases.
In addition, the information that the number of oil and gas rigs operating in the US increased also put pressure on crude oil prices.
In the domestic market, today’s gasoline price was recorded as follows: E5 RON 92 gasoline price is not higher than 14,109 VND / liter; RON 95-III gasoline price is not higher than 14,940 VND / liter; Diesel oil price of 0.05S is not higher than 11,218 VND / liter; kerosene price is not higher than 9,717 VND / liter; the price of mazut oil 180CST 3.5S is not higher than 11,261 VND / kg.