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Crude Oil USD 47.99 a barrel

World oil prices dived in Asia today after early results of a historic vote showed Britain increasingly moving to bolting out of the European Union. Asian currency and stock markets swung wildly as the early results in the high-stakes referendum showed the camp favouring an exit leading those who want the country to remain. Results from 200 of 382 local areas in the referendum gave Brexit a clear lead. 


The number of votes cast stood at 7.8 million for "Leave", 51.69 per cent, compared to 7.3 million for "Remain", or 48.31 per cent. Several world leaders have warned that a British exit, or Brexit, of the EU would lead to a recession with global spillover effects. At around 0305 GMT, US benchmark West Texas Intermediate for August delivery fell USD 2.12, or 4.23 per cent, to USD 47.99 a barrel.

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