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Bunkers jump, oil rebounds back over $50/bbl as Brexit panic fades, but Citi warns uncertainty and volatility will persist

  •   Article by: Ship & Bunker
  •   Date Published: June 30, 2016
  •   Who was cited: Dr. Fereidun Fesharaki
 
If Wednesday's numbers are any indication, the few observers who predicted that the U.K.'s exit from the European Union would cause extremely short-lived market turmoil may be proven correct: oil jumped over 3 percent and Brent crude rose above the $50 per barrel mark after dropping under $47/bbl earlier this week.

 

 

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