16-06-2016 10:30 via uk.news.yahoo.com

Oil hits three-week low on weak U.S. stock draw, Brexit fear

By Karolin Schaps LONDON (Reuters) - Oil prices hit their lowest in more than three weeks on Thursday, the sixth straight day of losses and longest bearish run since early 2016, as U.S. crude stocks fell less than expected and concerns over Britain's future in the EU weighed. "It is mainly risk aversion ahead of the Brexit vote next week so we see some profit-taking on recent long positions ahead of this event," said Hans van Cleef, senior energy economist at ABN Amro in Amsterdam.
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