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 that was damn funny and cute. Always appreciate your insights and memes! Wish I had a…"
Stink full movie
documentary on dangerous chemical ingredients found in everyday products
Revolution (1968) scenes featuring Today Louise Malone
Some clips from Jack O'Connell's Revolution (1968), featuring the one and only Today Louise Malone.
"This screenshot is from a book found by a blogger in his research and gives an eye witnessed…"
The Hunt - Official Trailer [HD]
"A former ANTIFA member was interviewed here recently and this would not be far from actual reality…"
Legacy of Supposedly Inferior Aircraft Outmatching Their Enemies
We think of the Korean War aerial combat as the classic dogfights between the American F-86 Sabre…See More
© 2025 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network