Sunday 19 June 2016

Oil extends gains, up 0.6%, as Brexit fears ease




London Brent crude for August delivery was up 29 cents at USD 49.46 a barrel by 2238 GMT on Sunday, after settling up USD 1.98, or 4.2 percent, at USD 49.17 on Friday.

Oil prices extended gains on Monday as a weaker dollar and easing worries over Britain's possible exit from the European Union helped buy back the commodity after six straight days of declines. London Brent crude for August delivery was up 29 cents at USD 49.46 a barrel by 2238 GMT on Sunday, after settling up USD 1.98, or 4.2 percent, at USD 49.17 on Friday.

NYMEX crude for July delivery, which expires on Tuesday, was up 31 cents at USD 48.29 a barrel, after closing up USD 1.77, or 3.8 percent, on Friday.



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