News · VnExpress

Global oil prices fall sharply

World oil prices fell nearly 4% on the afternoon of Nov 2 as Iranian and Qatari officials held talks for a third straight day to advance a deal ending the war. Brent crude dropped 3.2% to $109.8 a barrel and WTI fell 3.6% to $100, after Brent closed October at a six-month high on fears that Middle East conflict would flare up again. The talks come after oil tankers transiting the Strait of Hormuz were recently attacked, pushing up global energy and shipping costs. Analysts said global crude is unlikely to top $120 a barrel because the risk of escalation through year-end is already priced in, and oil flows through Hormuz and alternative routes have recovered to nearly 80% of pre-war levels. OPEC and its allies kept their December output targets unchanged and are unlikely to adjust production until next year.

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Original headline: Giá dầu thế giới giảm mạnh

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oil pricesStrait of HormuzIrangeopolitics

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Related tickers and likely impact

PVD

▼ Likely negative

PetroVietNam

Relevance: medium

MarketVietnam stocks
ExchangeHOSE
SectorOil & Gas
IndustryOil Equipment & Services
Market cap16,653 bn VND
P/E18.4
P/B0.97
Close on 11/02/202617.70
Change that session-1.39%
PVD price, forecasts and signals →

PVT

▼ Likely negative

PVTrans

Relevance: medium

MarketVietnam stocks
ExchangeHOSE
SectorIndustrial Goods & Services
IndustryMarine Transportation
Market cap10,985 bn VND
P/E7.1
P/B1.11
Close on 11/02/202620.60
Change that session-3.06%
PVT price, forecasts and signals →

VJC

▲ Likely positive

Vietjet Air

Relevance: medium

MarketVietnam stocks
ExchangeHOSE
SectorTravel & Leisure
IndustryAirlines
Market cap101,213 bn VND
P/E46.5
P/B3.84
Close on 11/02/2026132.30
Change that session+0.53%
VJC price, forecasts and signals →

PLX

▲ Likely positive

Petrolimex

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorOil & Gas
IndustryIntegrated Oil & Gas
Market cap43,200 bn VND
P/E13.4
P/B1.78
Close on 11/02/202633.00
Change that session-2.94%
PLX price, forecasts and signals →

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