Bloomberg | Oil Extends Rout as Asian Stocks Pare Gains; Offshore Yuan Jumps Bloomberg Oil dropped for a seventh day after closing at a 12-year low on Monday. Concern that turmoil in China's financial markets will spread to the economy helped spur a selloff in global equities and commodities this year, with crude tumbling 18 percent ... Stocks close mixed as oil tanks almost 6% Asia stocks wary as China concerns remain, oil drops China shares fall another 5%, Europe slips back as oil tumbles - as it happened |