Gold price today 04/17/2025: Gold surpasses the 3,300 USD mark
17-04-2025
Oil prices today 04/16/2025: Oil prices remained almost unchanged as investors digested the latest information related to US President Donald Trump’s plan to impose tariffs on and off.
Oil prices today 04/16/2025
Recorded on Oilprice at 4:30 a.m. on 04/16/2025 (Vietnam time), Brent oil price was at 64.64 USD/barrel, down 0.39% (equivalent to a decrease of 0.25 USD/barrel).
Similarly, WTI oil price was at 61.33 USD/barrel, down 0.26% (equivalent to a decrease of 0.16 USD/barrel).
The volatile trade policy of the United States has created a lot of uncertainty for the global oil market and prompted the Organization of the Petroleum Exporting Countries (OPEC) to lower its oil demand forecast on Monday. Then, on Tuesday, the International Energy Agency (IEA) forecast that the growth rate of global oil demand in 2025 will be the slowest in five years, also due to concerns about Trump’s tariffs.
The uncertainty from these tariffs has prompted many major banks such as UBS, BNP Paribas and HSBC to cut their oil price forecasts for this year and next.
“If the trade situation continues to escalate, in a worst-case scenario, Brent crude oil prices could fall to $40-60/barrel in the next few months,” said UBS expert Giovanni Staunovo. Concerns about Trump’s tariffs, combined with increased production by OPEC+, have caused oil prices to fall about 14% this month alone. (OPEC+ is an alliance between OPEC and allied oil producers, including Russia.)
However, oil prices also received some support along with the US stock market after Mr. Trump announced that he was considering adjusting the 25% tariff on imported cars from Mexico and some other countries.
US crude oil inventory data from the American Petroleum Institute (API) is expected to be released later on Tuesday, while data from the US Energy Information Administration (EIA) will be released on Wednesday.
Analysts forecast that US energy companies withdrew about 1 million barrels of oil from reserves in the week ending April 11 – compared with an increase of 2.7 million barrels in the same period last year and an average increase of 4.2 million barrels over the past five years (2020–2024).
Domestic gasoline prices today, April 16, 2025
Domestic gasoline retail prices on April 16, 2025 are applied according to the adjustment session from 3:00 p.m. on April 10 by the Ministry of Finance – Ministry of Industry and Trade.
| Item | Price (VND/liter/kg) | Difference from previous period |
| Xăng E5 RON 92 | 18.882 | -1.491 |
| Xăng RON 95 | 19.207 | -1.712 |
| Dầu diesel | 17.243 | -1.235 |
| Dầu hỏa | 17.413 | -1.322 |
| Dầu mazut | 15.902 | -1.124 |
Specifically, the price of E5 RON 92 gasoline decreased by VND1,491/liter, down to VND18,882/liter; RON 95 gasoline decreased by VND1,712/liter, down to VND19,207/liter.
The price of 0.05S diesel decreased by VND1,235/liter, down to VND17,243/liter; kerosene decreased by VND1,322/liter, down to VND17,413/liter; the price of 180CST 3.5S mazut decreased by VND1,124/kg, down to VND15,902/kg.
In this adjustment period, the Ministry of Industry and Trade – Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for E5RON92 gasoline, RON95 gasoline, diesel, kerosene, and mazut.
Thus, from the beginning of 2025 to now, domestic gasoline prices have undergone 15 adjustment sessions, including 6 sessions of decrease, 6 sessions of increase and 3 sessions of opposite direction.
