Crude Oil Oil falls after early returns show close Brexit vote
Page 1 of 1
Crude Oil Oil falls after early returns show close Brexit vote
- Crude Oil
[size=28]Oil falls after early returns show close Brexit vote
By Reuters / Reuters | June 24, 2016 : 8:14 AM MYTTOKYO (June 24): Oil prices fell after voting ended in a UK referendum on whether to stay in the European Union, with early returns indicating a close result and prompting big swings in the value of sterling.
U.S. crude was down 35 cents at $49.76 a barrel at 0001 GMT.
Brent crude was down 27 cents at $50.64 a barrel.
On Thursday, both contracts rose sharply, rallying on optimism the Britons would vote to stay in Europe.
The first few official results on Friday put the 'Brexit' campaign ahead, although opinion polls suggest that the vote will end a victory for the 'remain' campaign.
With results in from the first five of 382 voting districts, those in favour of ending Britain's 43-year membership had a small lead, but it was too early to discern a reliable trend.
Sterling slumped to $1.4475, having earlier hit a high for the year at $1.5022. The euro turned tail to hit $1.1324 and the yen recouped early losses to stand at 104.96 per dollar. - Reuters
[/size]
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics
» Market Close KLCI falls 11.45pts as Brexit concern mounts
» Market Close KLCI falls on China, crude oil
» Market Close KLCI falls 13.06pts with Japan shares amid Brexit uncertainties
» Market Close KLCI falls 23.37pts to intraday low on weaker crude oil prices
» Market Close KLCI falls 13.78pts on profit taking; Ringgit weakens on crude oil
» Market Close KLCI falls on China, crude oil
» Market Close KLCI falls 13.06pts with Japan shares amid Brexit uncertainties
» Market Close KLCI falls 23.37pts to intraday low on weaker crude oil prices
» Market Close KLCI falls 13.78pts on profit taking; Ringgit weakens on crude oil
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|