Brent Fell Back Below US$50/bbl on Weak Sentiment and Rise in US Stockpile

Brexit concerns continue to take the centre stage and dampen market sentiment. GBPUSD fell more than -1% as more polls revealed that the "leave" camp is leading the "remain". The pound also softened against the euro for 3 days in a row, accumulating loss of about -1.5%. European equities got hammered with UK's FTSE 100 index plunging -2.01% and the Stoxx600 index declined to a 4-month low of 320.53, down -1.9%.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/brent-fell-back-below-us50bbl-on-weak-sentiment-and-rise-in-us-stockpile-2016061533116/