Oil price plunges 5% to $83, Asian markets fall as trading week opens

Oil prices opened the trading week with a 5% drop to $83 per barrel, according to N12 business correspondent Yuval Shadmi. Asian markets also declined in parallel trading.

Oil prices opened the trading week with a sharp decline, dropping 5% to $83 per barrel, according to N12 business correspondent Yuval Shadmi. Asian markets also fell in early trading, extending a period of volatility in global markets. The oil price has seen significant fluctuations in recent months, driven by geopolitical developments and shifts in supply expectations. The current level of $83 per barrel is lower than the spikes seen earlier this year, but remains above pre-conflict levels.

5 developments

1. 3 hours ago · 07:46 · 3 AugLatest

   Asian stock markets also extended their declines.

2. 07:24 · 3 Aug

   Oil prices trade at $83 per barrel at market open.

3. 07:24 · 3 Aug

   Oil prices remain down 5% as Asian markets open lower.

• Developing5 days ago · 07:05 · 29 JulOil price continues to decline, trading around $85 per barrel
• Developing13:22 · 24 JunOil prices continue decline, nearing $75 per barrel
• Strong09:34 · 13 JulOil climbs 4%, Asian stocks extend losses
• Strong08:21 · 14 JulOil prices surge to $85 per barrel, extending rally

Source and signal

• Open-source intake