Brent crude is down 2.38% at $44.38 per barrel as at 4.15am GMT, while WTI crude declined 2.92% at $39.47.
A slowdown in Chinese manufacturing in putting the pinch on global markets
Special drawing rights account for less than 3% of central bank reserve assets, economists say.
Shanghai Composite index dives 4% as sell-off frenzy continues.
Seven month low on 11 day losing streak sees market heading toward correction.
Tenge is trading down 21.57% at 252.60 per US dollar as at 10.20am GMT, after Kazakhstan freed currency.
Shares across region hit amid uncertainties over Fed rate hike and China.
Move comes as IMF awaits further reforms to China's currency policies.
Bitcoin fell to lowest price since January amid disputes over new proposal for the cryptocurrency.
Glencore's earnings also fell 29% to $4.6bn
Shanghai Composite benchmark slips 3% after closing more than 6% lower on 18 August.
State Bank of Vietnam has raised its reference rate by 1% to 21,890 dong per US dollar.
Mining firms continue to struggle on weak Chinese data and plunge in copper prices.
Despite positive lead from Wall Street, investor confidence was rocked in Asia.
Brent crude is trading down 0.27% at $48.61 per barrel as at 5.48 am GMT, while WTI crude fell 0.14% at $41.81.
Mining company lost value again after a year that saw one-fourth of its value evaporate.
More US drilling is expected after the government announced its approval of limited crude oil sales to Mexico.
Japan's economy contracted by 0.4% in April-June due to weak consumer spending and exports.
US is working hard to address domestic oil glut caused by its shale boom.
IMF praises China's recent steps allowing market forces to have greater role in determining exchange rate.
Investors unsure where to turn in week that saw Chinese economy uncertainty and mining loses.
Beijing steadies currency after three days of steep depreciation sparked fears of currency war.
Iran will discuss its new oil contract models and 45 oil and gas projects including oil and gas exploration with international oil companies at December conference.
FTSE 100 continued to trend downward on Chinese currency adjustment.
IBTimes was granted a talk through with itBit's Steve Wager about the top secret Bankchain project.
China's central bank sets currency's daily rate 1.1% lower against US dollar in latest move.
WGC says gold demand dropped 12% to a six-year low of 914.9 tonnes in Q2, while supply fell by 5%.
People's Bank of China's fresh devaluation by 1.1% raises fears of global currency war.
Currency sees biggest two-day drop since 1994 hitting international markets and mining firms.
Beijing lowers daily fixing rate against US dollar by 1.6% to 6.3306, following 11 August's surprise cut.