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Wednesday, 29 June 2016

Free MCX Tips and News about Crude Oil

Oil prices rise on Norway strike threat; Brexit shock fades

Oil rose early on Wednesday as financial traders poured money back into commodities following the initial shock of Britain's vote to leave the European Union, and as a potential strike in Norway and crisis in Venezuela threatened to cut supply. International Brent crude futures were trading at USD48.76 per barrel at 0019 GMT (08:19 p.m. EDT), up 18 cents from their last settlement. US West Texas Intermediate (WTI) crude was up 30 cents at USD48.15 a barrel. Both crude oil benchmarks had climbed on Tuesday after financial markets shook off some of the shock of last week's referendum in Britain in which most voters elected to exit the EU, triggering turmoil across markets and regions.

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