ASIA MARKETS Oil declines weigh on Asia markets, but Japan shares rise

Jeff Powell, chief investment officer at Polaris Greystone Financial, blamed much of oil’s decline on OPEC’s failure to cut production. “You’ve also seen a lot of efficiencies created as oil has dropped within the fracking segment of the U.S. market, so a lot of the production that’s going on in the U.S. really hasn’t slowed down even though you have seen this material drop in oil price,” Powell told CNBC. Read More