Oil falls below $49 on economic jitters, ample supply
By Alex Lawler LONDON (Reuters) - Oil fell below $49 a barrel on Tuesday, pressured by concerns that a potential slowdown in economic growth could sap demand and by persistent signs of abundant supply despite another militant attack on Nigeria's oil industry. Worries about the economic impact of leaving the European Union hit Britain's property market and drove the pound to a 31-year low. Brent crude was down $1.19 at $48.91 a barrel at 1309 GMT.
Read more »