Oil prices tumbled in global markets after Saudi Arabia decided to increase supplies in a price war with Russia after an agreement between OPEC and Moscow collapsed, as well as regional and global stock markets and oil and aviation stocks collapsed against the backdrop of a price war and fears of the Corona virus.

Here is a quick overview of the market position in early trading today:

Oil markets
Oil prices tumble 30% to less than $ 32 for Brent crude and less than $ 28 for US crude.

- The International Energy Agency expected that the demand for oil would reach 99.9 million barrels per day in 2020, thereby reducing its annual forecasts by nearly one million barrels per day, and indicates a contraction of 90 thousand barrels per day in the first decline in demand since 2009.

oil companies
- Saudi Aramco shares - which was traded below the IPO price of 32 riyals for the first time yesterday - fell by an additional 10% to 27 riyals ($ 7.20).

- Total shares continue to decline, falling 13.9

Shell shares down 19%

BP shares drop 27% after the oil price crash

BP shares drop 27% after the oil price crash

Tulu Oil shares are down 57% due to the oil market crash, hitting the lowest level since 2004.

Aramco shares fall 10% (Reuters)

Airlines
- Kuwaiti Jazeera Airways shares fell 8.3% in early trading after Saudi Arabia suspended travel from Kuwait due to fears of an outbreak of Corona virus.

- Air Arabia shares plunges 7.8% to 1.06 dirhams in early trading after Saudi Arabia suspended flights from the Emirates.

Stock exchanges
- The main Saudi benchmark drops about 10% to 6220 points, its lowest level in nearly four years.

- The Dubai index falls 9% and the Abu Dhabi market index 8% to incur the largest loss in one day since November 2009, as the Amman and Bahrain stock exchanges fell by more than 4%.

- Qatar’s stock market index drops 8.6%, incurring the largest loss in one day in more than 11 years.

- The first market index in Kuwait plunges 10%, which led to the suspension of trading for the remainder of the session.

Japan's Nikkei fell 5.1%, the lowest level in 14 months due to corona and oil.

The pan-European STOXX 600 index is down 6.1% in morning trading.

London's FTSE 100 is down 8%.

Bitcoin loses 10% in trading today (Anatolia)

The currency market, bonds and metals
- The Saudi riyal recorded a sharp decline against the dollar in the futures market with the decline in oil prices today, Monday.

- The dollar fell 0.3% against the Japanese currency to 101.58 yen, the lowest level in three years.

The Euro rose 1% to $ 1.1408.

The Australian and New Zealand dollars are down nearly 2% against their US counterparts.

- The Russian Ruble fell to its lowest value against the dollar since March 2016 and reached the level of 75 rubles per dollar.

- The market value of digital currencies fell today by $ 26.43 billion, affected by the sharp losses incurred by oil prices and the increase in sales in stock markets globally.

Bitcoin - the largest digital currency by value - fell more than 10% in today's trading.

Gold prices are down 1% from the highest level in 7 years due to profit-taking.

- Saudi bonds due in 2049 fell by more than nine cents, while bonds due in 2029 decreased by 3.5 cents.

- The Sultanate’s bonds due in 2048 decreased by 7.6 cents.

Abu Dhabi bonds due in 2047 decreased by 3.4 cents.

Bahraini bonds due in 2047 decreased by five cents.

- Saudi Aramco bonds due in 2049 decreased by more than eight cents, and in 2029, by 4.5 cents.