Mcx crude tips for today : Brent crude futures fell down to a fresh 11-year low as a sliding yuan and an emergency halt in China's stock trading left Asian markets in a turmoil, while a huge supply overhang and near-record outcome levels also continued to drag on prices of oil.
Chinese currency "yuan" and an emergency halt in China's stock trading left Asian markets in a turmoil, while much supply overhang and near-record output levels also continued to drag on prices of oil.
Trading on its stock markets was shut down for the rest of the day, the 2nd time this week, and China's securities regulator intervened heavily by issuing rules to prohibit share sales by listed companies' major shareholders.
Chinese currency "yuan" and an emergency halt in China's stock trading left Asian markets in a turmoil, while much supply overhang and near-record output levels also continued to drag on prices of oil.
Trading on its stock markets was shut down for the rest of the day, the 2nd time this week, and China's securities regulator intervened heavily by issuing rules to prohibit share sales by listed companies' major shareholders.
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