Brent, WTI futures register heavy losses as American rig count rises for 22nd consecutive week.
The sterling came under pressure as the Bank of England governor said impact of Brexit was as yet unclear.
A range of stocks - from retailers to miners - where in favour with traders after the clear parliamentary result in France.
Merger of market leaders would create the UK's largest asset manager
The Hang Seng and Nikkei soared by 0.99% and 0.61%, respectively.
In the test run, the drone managed to cover a distance of about 10kms.
Bank of England shocks markets by voting 5-3 in favour of keeping interest rates on hold.
The Hang Seng and S&P/ASX fell by 0.92% and 1.21% respectively.
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.