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Crude falls on Monday as risk-off sentiment persists

Posted on: June 28, 2016

WTI struggled again on Monday, with the front future settling $1.31 lower at $46.33. The negative sentiment from Brexit continued over the weekend and into Monday's trading session, dragging oil lower. In the long run, the UK exit from the EU will not have a material impact on oil fundamentals, simply victim to a panic selling across risky assets in a flight to quality.

This morning the curve is rebounding in early trading, back over $47 at the front.


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