Brent and WTI contracts hammered as fears of crude supply glut escalate.
Reuters' survey of City experts finds majority opining that a 'hard Brexit' option might be off the table.
The Shanghai Composite rose by 0.58% during midday trading hours.
While the prospect of a "soft Brexit" would ordinarily benefit the pound, ongoing uncertainty is currently weighing heavily on it.
The S&P/ASX rallied by 1.46% during midday trading hours.
Buying any dips in the stock market given the current climate could mean having tried to catch a falling knife.
Natixis and Marex Spectron set to face-off in British court over alleged fraud pertaining to nickel warehouse receipts.
Sterling tumbles below €1.13 as government delays Queen's Speech as May's future hangs in the balance.
The Nikkei fell by 0.57% while the Hang Seng declined by 1.17%
Weak pounds buoys the international firms in the footsie.
The Nikkei rose by 0.52% while the Hang Seng dropped by 0.45%.
Britain's stock market show signs of resilience despite hung parliament.
Sterling fell to six-week low after exit poll forecast Tories would fall short of an overall majority.
The pound lost more than 2 cents against the dollar within seconds of the exit poll result.
Sterling pulls back from two-week high against the dollar as Britain elects its next Prime Minister