Oil prices drop more than 5% to $86 as trading week opens

The trading week opened with oil prices falling more than 5% to around $86 per barrel, while Asian markets posted slight gains, according to N12.

Oil prices dropped more than 5% at the start of the trading week, falling to around $86 per barrel, according to the N12 business desk. Asian markets posted slight gains. The decline comes amid a period of high volatility in energy markets; The Zioneer has previously reported on oil prices ranging from $75 to $88 per barrel in recent weeks, driven by the US-Iran confrontation and the subsequent peace deal.

• Developing13:22 · 24 JunOil prices continue decline, nearing $75 per barrel
• Developing18:34 · 26 JunBrent crude oil price dives over 5%
• Strong08:21 · 14 JulOil prices surge to $85 per barrel, extending rally
• Developing19:32 · 16 JunOil prices drop more than 5% on Iran sanctions-easing speculation

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