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Oil prices rise over 2% to 6-month high

Oil rose more than 2% on October 30, closing at its highest since late April as traders prepared for a possible escalation of the Iran conflict after the US midterm elections. The expiring December Brent contract gained USD 2.76 to USD 117.64 a barrel and WTI rose USD 2.12 to USD 104.12; for October, Brent gained 13.6% and WTI 15.2%. A tanker in the Strait of Hormuz was hit by explosive devices attached to its hull from a small boat, and the US embassy in Riyadh ordered non-emergency staff to leave Saudi Arabia after Houthi attacks. A Danish bank forecasts crude could trade at USD 70-90 a barrel even after the conflict ends, versus USD 60-70 before the war. Saudi crude exports rose in October from September, according to two of three shipping trackers.

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Original headline: Giá dầu tăng hơn 2% lên đỉnh 6 tháng

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oil pricesIranStrait of HormuzgeopoliticsSaudi Arabia

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Related tickers and likely impact

PVD

▲ Likely positive

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MarketVietnam stocks
ExchangeHOSE
SectorOil & Gas
IndustryOil Equipment & Services
Market cap17,024 bn VND
P/E15.3
P/B0.98
Close on 10/30/202617.95
Change that session-2.18%
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ExchangeHOSE
SectorIndustrial Goods & Services
IndustryMarine Transportation
Market cap11,010 bn VND
P/E7.7
P/B1.12
Close on 10/30/202621.25
Change that session-0.23%
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ExchangeHOSE
SectorOil & Gas
IndustryIntegrated Oil & Gas
Market cap43,200 bn VND
P/E13.4
P/B1.78
Close on 10/30/202634.00
Change that session0.00%
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