Oil crashing 7%, Brexit almost confirmed

Dhwani Mehta FXStreet

Risk-aversion remains at its peak, hammering risky assets across the financial markets amid news of Leave having won the EU referendum.

BBC Radio just announced that the official position of their forecasters is that the UK has voted to Leave the EU. While on the other hand, it’s been heard that UKIP leader Farage has already made his victory speech.

Both crude benchmarks tank nearly 7%, with WTI around 46.77 and Brent vulnerable around 47.60 levels.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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