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Saturday, 25 June 2016

How Britain Votes Effect on Oil Market

World oil costs dove over USD 2.00 a barrel on June 24 in the midst of a surging dollar and financial markets turmoil after Britain's shock vote to leave the European Union.

Around 1440 GMT, both the US and London benchmark crude futures contracts were down four percent or more, subsequent to having ripped at back sharper losses from prior in the day.

Britain's historic vote to pull back from the European Union sent shivers through worldwide markets today in the midst of worries about the decision's negative effect on the worldwide economy.

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