# Singapore market volatility amid oil price swings

> Live situation record from CLSTR: https://clstr.news/situations/singapore-market-volatility-amid-oil-price-swings
> Updated: 2026-08-03T11:58:47.000Z. Sources: 14. Developments: 2.

Late July saw Singapore’s Suntec REIT surge 24.8% on strong earnings, while the Straits Times Index (STI) edged up 0.1% as oil prices topped US$100 a barrel amid US‑Iran tensions. By early August the STI slipped 0.3%, beginning a four‑day decline that mirrored falling crude after diplomatic talks eased. A year later, on 3 August 2026, the index fell another 0.3% to 5,612.28 as oil prices plunged sharply, while regional peers such as Taiwan and Indonesia rallied.

The next two days reinforced the link between oil and Singapore’s market. By 5 August 2026 Brent fell to US$78.44 and WTI to US$74.70, extending a week‑long 12% slide tied to progress in US‑Iran negotiations mediated by Qatar. The drop lifted Asian equities overall: Indonesia’s Jakarta Composite rose, Taiwan’s market slipped, and U.S. indices rallied. The continued oil‑price decline underscored Singapore’s ongoing sensitivity to global energy dynamics, keeping the STI under pressure despite mixed regional movements.

## Claims

- Indonesia’s open unemployment rate fell to 4.65 % in May 2026, the lowest level since 1994. (corroborated by 3 sources)
- The number of unemployed people in Indonesia was 7.22 million in May 2026, down about 24 000 from February 2026. (corroborated by 3 sources)
- Indonesia’s GDP grew 5.29 % year‑on‑year in the second quarter of 2026, beating the Reuters forecast of 5.10 %. (corroborated by 3 sources)
- U.S. crude oil futures fell $4.66 (5.80 %) to $75.68 per barrel. (corroborated by 2 sources)
- Palantir shares surged more than 25 % after better‑than‑expected Q2 results and raised full‑year guidance. (corroborated by 2 sources)
- Brent crude futures dropped 92 cents to US$78.44 per barrel on 5 Aug 2026. (single source)
- U.S. West Texas Intermediate futures fell $1.07 to US$74.70 per barrel on 5 Aug 2026. (single source)
- Oil prices have fallen more than 12 % for the week ending 5 Aug 2026. (single source)
- Qatar said mediators were making progress toward ending the Iran‑U.S. conflict. (single source)
- Taiwan Stock Exchange index fell 25.75 points to 43,360.66. (single source)
- Jakarta Composite Index rose 85.12 points to 6,319.61. (single source)
- The number of people living in poverty in Indonesia fell to 22.93 million in March 2026, a rate of 8.07 %. (single source)

## Timeline

### 2026-08-03: Indonesia's Poverty, Inequality and Unemployment Rates Show Mixed Trends Amid Modest GDP Growth

Indonesia’s poverty fell to 22.9 million (8.07 % rate) while inequality rose (Gini 0.368). Unemployment dropped to 4.65 % (7.22 million) and Q2 2026 GDP grew 5.29 % YoY, beating forecasts.

14 sources. https://clstr.news/cluster/singapores-straits-times-index-slides-amid-fourday-decline

### 2026-07-23: Singapore's Suntec REIT posts 24.8% H1 DPU increase as STI ticks up

Suntec REIT's H1 DPU rose 24.8% to S$0.03936, while Singapore's STI edged up 0.1% to 5,588 amid regional declines and heightened geopolitical risk.

2 sources. https://clstr.news/cluster/singapores-suntec-reit-posts-248-h1-dpu-increase-as-sti-ticks-up

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Cite as: Singapore market volatility amid oil price swings. CLSTR, https://clstr.news/situations/singapore-market-volatility-amid-oil-price-swings