Crude oil's decline accelerates in European morning. Currently trading at 65.9, further weakness to 63 cannot be ruled out as anticipation on demand improvement diminished. Others in the energy complex also plunge with heating oil losing almost -2% to 1.802 while gasoline sliding to 1.921. Stock markets tumbled in Asia. In China, the Shanghai Composite Index slumped almost -6% to settle at 2871. The gauge rallied to as high as 3471 in August and a deep correction has followed since then. Other closely watched indices also plummeted. Japan's Nikkei 225 stock Average slid -3.1% to close at 10269 and Hong Kong's Hang Seng Index plunged -3.6% to 20137.....Complete Story
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