Recently, global oil prices have been fluctuating and experiencing multiple consecutive declines. The main reasons are attributed to the complexity of geopolitical conflicts and the less optimistic demand from China.

"In my opinion, the complexity of geopolitical conflicts combined with the still underwhelming consumption outlook in China are the main factors impacting oil prices recently," said Mr. Tran Ngoc Quang, Deputy Director of SFVN.

Mr. Quang noted that investors are currently focused on monitoring the upcoming OPEC+ meeting next week, where oil production policies will be discussed. "If there are no unusual developments, I believe oil prices are unlikely to surpass the $80 per barrel mark by the end of this year," he stated.

Source: VTV1