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Students were warned to continue sheltering in place in a 6:45 p.m. status update on CMC’s website.

Recent Chinese data and fresh aid to the indebted property sector can be "positive for the oil market's near-term trend", said CMC Markets analyst Tina Teng.

"The recent Chinese data and fresh aid to the indebted properties can be positive for the oil market's near-term trend," said Tina Teng, a market analyst at CMC Markets.

"The weak economic data from both countries indicate the fact that the global economy is slowing down, highlighting ongoing macro headwinds that businesses face," said Tina Teng, market analyst at CMC Markets.

"Concerns over a record-high U.S. production rate put fresh pressure on oil prices, adding to an already worrisome demand outlook," said Tina Teng, a markets analyst at CMC Markets in Auckland.