Crude Oil Price Retreats In Asia Amid Decline In Stock Markets

Crude oil price drops to 72.3 in Asia Monday as driven by decline in stock markets. Strength in Japanese yen after DPJ's election victory and worse-than-expected earnings results by Chinese companies trigger selloffs. The Democratic Party of Japan got 308 of 480 lower-house seat, ending the single-party government by Liberal Democratic Party in almost half a century. The DPJ pledged to revive the nation's economy through cutting tax, boosting consumer spending and limiting the power