Oil price continues to decline, trading around $85 per barrel

Oil prices are continuing to decline, trading around $85 per barrel Wednesday morning, according to market analyst Yuval Sadeh (N12).

Oil prices are continuing to decline, trading around $85 per barrel Wednesday morning, according to market analyst Yuval Sadeh (N12). The decline extends a period of volatility in global energy markets, which have been shaped by the US-Iran peace deal and disruptions to shipping through the Strait of Hormuz. As The Zioneer has reported, oil prices spiked to $85 earlier this month as Strait of Hormuz traffic nearly halted, before falling again. The current price of around $85 is near the level seen before the recent spike, according to N12.

2 developments

1. 2 hours ago · 07:05 · 29 JulLatest

   Oil prices continue to decline, trading around $85 per barrel.

2. 07:04 · 29 Jul

   Seoul KOSPI down 8.5%, Tokyo Nikkei down 2.5%.

• Developing13:22 · 24 JunOil prices continue decline, nearing $75 per barrel
• Strong08:21 · 14 JulOil prices surge to $85 per barrel, extending rally
• Strong20 hours ago · 12:27 · 28 JulBrent crude falls to $85 per barrel, ynet reports
• Strong21:11 · 11 JunOil price falls again, extending recent volatility

Source and signal

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