Oil Prices Hammered by U.K. Vote to Leave EU
Oil prices dive as Britain votes to leave EU
Reuters
--
Oil prices slumped by more than 6 percent on Friday after Britain voted to leave the European Union, raising fears of a broader economic slowdown that could reduce demand.
Financial markets have been worried for months about what Brexit, or a British exit from the European Union, would mean for Europe's future, but were clearly not fully factoring in the risk of a leave vote.
Some analysts said oil could face further downward pressure.
"Our view is that we have not yet seen the low oil price of the day with Brent likely to trade down towards $45 or lower before we have seen the worst of it," Bjarne Schieldrop, chief commodity analyst at SEB, said in note to clients.
Read the Full Article
Comment
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
The Fantasy Clown World I Wake Up to Everyday
I never could have seen this coming before I was awakened by all the BS that I became aware of…See More
Why Was the Movie “The Bedford Incident” Such a Threat?
With wars looming in the Middle East and Vladimir Putin making more threats of using nuclear…See More
Oil News ( not good )
"~ Amendment. New hope on the horizon. Quick updates. Diesel sanctions on Russia Lifted ! by…"
The Death Doll-Halloween Story Two
Retired Major Lionel Eldridge was browsing items in a bazaar of relics, antiques, and curios when…See More
TDS
"ps.. Does anyone think this mental illness is viral escaping beyond the boarders of the USA ?,…"
Cast a Giant Shadow (1966) - Trailer
Directed by: Melville ShavelsonYear: 1966Country: USAGenre(s): Drama, History, WarSYNOPSIS:In this fact-based film, distinguished U.S. Army Col. David Marcus...
" Scrubbed from the internet? The idiots photographed themselves!!! “Conspiracy…"
A Halloween Story
I’d made a reservation for a cabin a day before Halloween was to fall. I guess watching little…See More
"rlionhearted, That's a question I've asked from thevery beginning! What the hel;l was…"
"Less Prone, they are not just folling us they are killing innocent citizens and non-combatants for…"
© 2026 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network