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    Oil Market Fundamentals

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    • Oil hits 6-1/2-year low on China and oversupply

      Inaction by the Chinese government following an 11 percent rout in local stock markets last week encouraged a free-fall in global equities and other commodities on Monday.

    • Japanese refineries shut shop. Are Asian refiners gaining?

      Yingxi Yu, Commodity Analyst at Barclays who tracks the energy markets tells CNBC-TV18 that the shutting down of refineries in Japan is a positive for Asian refiners. She also finds that short-term risk aversion can lead to a further short-term correction in oil prices. "Brent crude seems to be well supported at USD 110 a barrel."

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