Oil
prices rise as markets on tenterhooks ahead of Brexit vote
Oil prices rose in early Asian trading on Thursday, shrugging off a smaller
than expected decline in US stockpiles as the market waited with bated breath
for the result of Britain's "Brexit" vote. Trading has been choppy in
the run up to Thursday's vote on whether Britain leaves or stays in the
European Union (EU), and is expected to remain so before results start
filtering through late on Thursday or early Friday.
Brent's August front-month contract was up 41 cents at USD 50.29 a barrel at
0038 GMT. It closed down 74 cents, or 1.5 percent, at USD 49.88 a barrel on
Wednesday.
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