Oil prices 21/2/2025: Oil and gas prices increase, oil fluctuates in opposite directions

World oil prices today

Saxo Bank analyst Ole Hansen said oil prices fell slightly on Thursday due to increased US reserves.
Oil prices today 21/2/2025: Oil prices were almost unchanged on Thursday after rising to a nearly one-week high in the previous session.

Oil prices today 21/2/2025

Recorded on Oilprice at 4:00 a.m. on February 21, 2025 (Vietnam time), WTI oil price was at 72.66 USD/barrel, up 0.57% (equivalent to an increase of 0.41 USD/barrel).

WTI oil price on the world market in the early morning of February 21, 2025 (Vietnam time)

Similarly, Brent oil price is at 76.52 USD/barrel, up 0.62% (equivalent to an increase of 0.47 USD/barrel).

Brent oil price on the world market in the early morning of February 21, 2025 (Vietnam time)

Oil prices were little changed on Thursday after rising to their highest in nearly a week in the previous session, as an industry report showing a rise in U.S. crude inventories weighed on the market.

Brent crude futures rose 34 cents, or 0.5%, to $76.38 a barrel by 1407 GMT. U.S. West Texas Intermediate crude rose 26 cents, or 0.4%, to $72.51.

U.S. crude inventories rose by 3.34 million barrels last week, market sources said, citing data from the American Petroleum Institute released on Wednesday.

Oil prices eased slightly on Thursday due to the rise in U.S. inventories, Saxo Bank analyst Ole Hansen said. “The market remains directionless as supply disruptions in Kazakhstan and delays in OPEC+ production increases are offset by concerns about global demand,” Hansen said.

Official oil inventory data from the US Energy Information Administration (EIA) will be released on Thursday. Separately, Russia said oil flows from the Caspian Pipeline Alliance, a key route for exporting crude from Kazakhstan, fell by 30%-40% on Tuesday after a Ukrainian drone attack on a pumping station.

A 30% cut would be equivalent to removing 380,000 barrels per day from the market, according to Reuters calculations. However, other factors and the possibility of increased oil supply also added to price concerns.

Analysts at ING said in a note that the possibility of restarting oil flows from Iraq’s Kurdistan region was offsetting the supply risk.

Meanwhile, Türkiye’s energy minister told Reuters that as of Thursday, the country had not received confirmation from Iraq about the resumption of operations.

Bjarne Schieldrop, chief commodity analyst at SEB, said: “It is natural to be concerned about the global economic outlook when Donald Trump dealt a blow to the current global ‘free trade architecture’ by signaling a 25% tariff on imported cars into the United States.”

Domestic gasoline prices today, February 21, 2025

Domestic gasoline retail prices on February 21, 2025 are applied according to the adjustment session from 3:00 p.m. on February 20 by the Ministry of Finance – Ministry of Industry and Trade.

ItemPrice (VND/liter/kg)Difference compared to previous periodE5 RON 92 gasoline20,855+257RON 95 gasoline21,331+257Diesel19,063-10Kerosene19,513+40Mazut17,596-183

Specifically, the price of E5 RON 92 gasoline increased by VND257/liter, to VND20,855/liter; RON 95 gasoline increased by VND257/liter, to VND21,331/liter.

However, there were some decreases in oil prices during this management period. Specifically, the price of diesel 0.05S: decreased by VND10/liter, to VND19,063/liter; kerosene increased by VND40/liter, to VND19,513/liter; Mazut 180CST 3.5S decreased by 183 VND/kg, down to 17,596 VND/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 8 adjustment sessions, including 2 decrease sessions, 4 increase sessions and 2 opposite sessions.