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Oil Prices Surge to New Highs Ahead of Vietnam Fuel Price Adjustment

Guavy AI Editorial Team
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Global oil prices continued to rise on August 19th, with WTI reaching $84.49/barrel and Brent at $91.36/barrel.

The increase in world oil prices puts pressure on domestic fuel prices in Vietnam, which remain unchanged for now but are expected to adjust on August 20th.

WTI rose by $0.39 from the previous day's price, while Brent increased by $0.29.

The Strait of Hormuz situation remains a key factor in oil market fluctuations, with Iran claiming it has not fully reopened and trade negotiations stalled.

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