Oil prices 27/2: Slight fluctuations, oil prices under pressure to decrease

Oil prices 27/2: WTI and Brent oil prices on the world market have opposite trends, in which WTI increased slightly to 69.0 USD/barrel, while Brent decreased to 72.86 USD/barrel. Domestically, oil prices still maintain the adjustment level from the previous period.

World oil prices today

According to Oilprice at 4:00 a.m. on February 27, 2025 (Vietnam time):

WTI oil price: 69.0 USD/barrel, up 0.13% (+0.09 USD/barrel).

Brent oil price: 72.86 USD/barrel, down 0.18% (-0.13 USD/barrel).

Oil prices remained at their lowest level in two months due to pressure from a potential peace deal between Russia and Ukraine, while lower crude oil reserves in the United States prevented prices from falling sharply.

Brent crude fell 19 cents to $72.83 a barrel at 12:56 GMT.

WTI crude fell 13 cents to $68.80 a barrel.

ING commodity experts said that the prospect of a peace deal is increasing, while the market is also monitoring the impact of the US-Ukraine mineral agreement.

In addition, US President Donald Trump’s policies are increasing the risk of oil price declines, with the possibility of supporting oil exports from Iraq and tariff measures that could affect global economic growth.

A report from the American Petroleum Institute (API) showed that US crude oil reserves fell by 640,000 barrels in the week ending February 21. If confirmed by the EIA, this would be the first time US crude oil reserves have fallen since mid-January.

Domestic gasoline prices today

Domestic gasoline retail prices on February 27, 2025 are applied according to the adjustment session from February 20:

E5 RON 92 gasoline: VND 20,855/liter, up VND 257/liter.

RON 95 gasoline: VND21,331/liter, up VND257/liter.

Diesel: VND19,063/liter, down VND10/liter.

Kerosene: VND19,513/liter, up VND40/liter.

Mazut: VND17,596/kg, down VND183/kg.

In this adjustment period, the Ministry of Industry and Trade and the Ministry of Finance did not set aside or use the Petroleum Price Stabilization Fund for all products.

Market assessment

World oil prices are under downward pressure due to geopolitical factors and US economic policies.

Domestic gasoline prices remain stable, with some types of oil showing a slight downward trend.

Since the beginning of 2025, domestic gasoline prices have undergone 8 adjustment sessions, including 2 decrease sessions, 4 increase sessions and 2 opposite sessions.