Oil prices all after failure top reach agreement in Doha

Tokyo Stock Exchange Index Falls Nearly 3% After Failure of Doha Deal

The index of the Nikkei 225 Tokyo Stock Exchange fell nearly 3% in the early trades on Monday amid the failure of the Doha negotiations to freeze oil production, according to the Kyodo Japanese agency

Sputnik,

18 April, 2016

Immediately after the opening of trade the index fell even a little lower at 3.04%, or down to 16,336.13 points.

The strengthen yen positions hit the oil exporters.

Earlier, media reported Brent crude prices falling by more than 6 percent.

On Sunday, the participants of the meeting in the Qatari capital failed to reach an agreement on freezing the oil output in a bid to stabilize global crude prices.

According to the CNBC news outlet, the lack of a deal on Sunday also sent the commodity's prices tumbling in early trading hours on the New York Mercantile Exchange (NYMEX)

Brent Crude Prices Fall 6% Amid Failure to Reach Deal to Freeze Oil Output

Brent crude prices fell by more than 6 percent after oil producing countries failed to reach an agreement in the Qatari capital Doha to freeze oil output, media reported Monday.

No oil production freeze agreement after talks break down in Qatar