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
"cheeki kea I was wrong Emperor Penguins are big and powerful but still alive but this,
A size…"
"Cheeki kea here's another that they say there have been modern sightings of!
The name of…"
"cheeki kea, did you ever hear of the giant Imperial Penguins? They were about 6 feet tall and could…"
"cheeki kea I do not think these giant two legged birds would need to have a bad attitude as long as…"
“What’s His Motive?” - Inside The Mind of George Soros
"Trump calls for George Soros and son to face federal…"
Mossad, Terrifying CIA Technology, Blackwater & The Most Secret CIA Unit | John Kiriakou
John Kiriakou served 15 years in the CIA as a Case Officer (Spy) and as CIA's Head of Counterterrorism Operations in Pakistan where he lead the raid that cap...
A Critique of the Tavistock Institute - The Mother Of All Conspiracy Theories
An examination of the Tavistock Institute, a theory which seeks to explain how Western societies have been brainwashed by a cabal of social scientists and th...
“What’s His Motive?” - Inside The Mind of George Soros
In this short clip, Patrick Bet-David, Sebastian Gorka Adam Sosnick, and Tom Ellsworth George Soros and what motivates him to do the things he does. FaceTime...
"If you're ever out there Doc V and notice giant two legged birds roaming the wilderness be…"
© 2025 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network