Crude Resumes Decline as Iran Called Output Freeze a Joke; China Set Renminbi Fixing Lower

Weak risk appetite in Europe and the US is carried forward to Asia Wednesday with equities falling across the region. The sentiment is also dampened by PBOC which cut its renminbi fixing rate by the most in 6 weeks. The decline in European shares was driven by energy and material sectors as Brent crude pared most of the gains made in the prior day.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/crude-resumes-decline-as-iran-called-output-freeze-a-joke-china-set-renminbi-fixing-lower-2016022432394/