Falling oil prices affected by vote to w/d Britain from the European Union
Twilight News / Oil prices fell on Monday, extending a steep dive after Britain led the vote to withdraw from the European Union to a sharp fall in global markets on Friday.
And it landed contracts futures for Brent 15 cents to $ 48.26 a barrel by 0238 GMT on Monday after falling at the close on Friday of $ 2.50, or 4.9 percent, to $ 48.41.
US crude fell 25 cents to $ 47.39 a barrel, after falling at the close on Friday of $ 2.47, or 4.9 percent.
And faced with the pressure of oil prices falling sterling again on Monday, at a time when investors are still in a state of confusion about what will happen later in the wake of the vote to withdraw Britain from the EU.