A gruesome combination of crumbling demand for crude and global storage filled to its brim has pushed oil prices to levels not seen in over two decades.

Asia Pacific stocks were mixed in Monday morning trade as China cut its benchmark lending rate.

SINGAPORE (Reuters) - Crude oil futures fell on Monday, with U.S. futures touching levels not seen since 1999, extending weakness on the back of sliding demand and concerns that U.S. storage facilities will soon fill to the brim amid the coronavirus pandemic.

SINGAPORE (Reuters) - The dollar found support on Monday and a rally in riskier currencies lost steam, as investors braced for more dire news on the fallout from the coronavirus and governments across the globe moved only cautiously toward an economic re-start.

SYDNEY (Reuters) - Caution gripped Asian share markets on Monday on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdown, while U.S. crude prices took an early spill.

Asian stocks climbed with U.S. and European futures amid tentative steps to restart the American economy and progress on the fight against the coronavirus. Traders looked past Chinese data showing its economy contracted for the first time in decades.