U.S. West Texas Intermediate (WTI) crude futures slipped 14 cents or 0.29pc, to $48.22 a barrel at 0757 GMT, while Brent crude futures fell 20 cents, or 0.39pc, to $51.30.
The Russian market will have one eye on Thursday on Putin fielding questions from the media, an annual event, which can last for several hours and is due to begin at 1200 (0900 GMT) in Moscow.
Aiming to build up partnerships overseas to secure imports, Germany approved in June a 9 billion euro strategy to promote hydrogen initiatives at home and globally.
In interbank trading, the price of euro depreciated by 16 paisas and closed at Rs195.72 against the last day’s trading of Rs 194.88, State Bank of Pakistan reported.
Japan has booked a trade surplus of 366.8 billion yen ($3.5 billion) in November, the fifth consecutive monthly surplus, according to data released by the finance ministry before the opening bell, which prompted little reaction from investors.
Ratings agency Moody's warned late on Monday that the reform would be "credit negative" for the sovereign because it would compromise the bank's autonomy.
The pound gained after the UK and European Union agreed on Sunday to continue Brexit talks and the EU's chief negotiator said a deal was still possible.
The dollar was down around 0.2pc against a basket of currencies at 90.621 at 0804 GMT, staying within December's ranges but not far from its lowest since 2018.