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Oil futures rebound as Brexit fears ease

Published 17/06/2016, 12:50
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Investing.com - Oil futures rose Friday for the first time in seven sessions as concerns about the prospect of Brexit abated.
U.S. crude added 1.69% to $46.99 at 06:45 ET after sharp falls on Thursday. Brent crude rose 2.25% to $48.25.
British Labour MP Jo Cox, a vocal advocate of Britain’s permanence within the European Union, was stabbed and shot dead on Thursday.
The tragedy was seen as favoring a “Remain” vote. Campaigning for the June 23 referendum on Brexit was suspended.
The dollar was lower on Friday after some downbeat U.S. economic data reduced the odds of a rate hike.
A weaker dollar lends support to the oil market.

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