Oil benchmarks fell in Asia and remain weak in early Europe amid signs of risk aversion in the Asian equities. At the time of writing, WTI oil was down almost 1% at $38/barrel. Brent oil was down 0.67% at $40.06/barrel. Risk aversion in Asia and a minor bout of strength in the USD weighed over prices. Japan’s Nikkei index fell almost 600 points, pulling other regional benchmarks lower with itself and leading to a negative action in the European equity futures. Still, losses are somewhat restricted, given China’s PMI index, printed above 50.00 and pointed to a mild expansion. For more information, read our latest forex news.