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06-28-2016, 03:12 AM
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Oil prices stabilise
Singapore Oil prices stabilized on Monday as market participants better absorbed the shock of last week´s vote in Great Britain to leave the European Union and recognised the referendum would have little effect on global fuel demand. Brent crude futures were trading at $48.76 a barrel by 0650 GMT on Monday, up 35 cents from their last settlement. U.S. crude was up 18 cents at $47.81 a barrel. Both crude benchmarks had fallen around 5 percent on Friday amid plunging global financial markets as results from a referendum defied bookmakers´ odds to show a 52 percent to 48 percent victory for the campaign to leave a bloc Britain joined more than 40 years ago. But oil stabilized on Monday as analysts said that Britain´s exit from the European Union would have very little impact on physical oil trading. أكثر... 
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