Crude oil prices have so far shown only a modest impact from Britain's vote to leave the European Union on Thursday.
Brent crude futures for the nearest contact to delivery were down by just over $2 per barrel or about 4 per c
Oil prices fell on Tuesday after a strong two-day rally abated amid volatility fed in part by a vote later this week in Britain that will determine whether the country will leave the European Union.
Oil prices fell on Monday, weighed down by gloomy economic prospects in Europe and Asia and a related strengthening in the US dollar, which makes fuel imports for countries using other currencies more expensive.
The softening come
The Organisation of the Petroleum Exporting Countries (Opec) is focusing on market share rather than on supporting oil prices, Iraq's Opec governor said on Tuesday in comments that will dampen expectations that Opec might agree steps to su
Oil prices jumped over 2 percent on Monday to their highest since October 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit.
Oil prices dipped in early Asian trade on Monday as rising production in the Middle East outweighed falling US output and the recent slide in the dollar, which has been supporting crude.
Brent futures LCOc1 were trading at $47.05
Bahrain is considering further fuel price adjustments just three months after raising the price of petrol, said a report in the Gulf Daily News (GDN), our sister publication.
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Oil prices slipped on Monday after banks dampened hopes that the result of next Sunday's meeting of producers in Qatar aimed at freezing current output levels would improve the current supply-demand balance.
Two issues in the Gulf's international bond market this week showed a panic over low oil prices has faded and foreign investors are once again willing to buy into the region's debt - but they remained extremely sensitive to pricing.
Oil futures rebounded from early losses but the recovery was muted as the market's focus switched back to signs of growing oil stocks.
Brent and WTI crude were on track for their strongest March since 2002,