Crude oil futures fell further Wednesday morning along with global stocks amid lingering concerns about the fallout from the UK’s Brexit.
Robust supplies, geopolitical tensions and signs of economic strain in China are also keeping a lid on crude oil prices.
Traders will paying close attention over the next few days for U.S. crude oil inventories data.
Early reports citing Genscape said stockpiles in Cushing, Okla., rose in the week ended Friday, against expectations for another draw down.
Crude oil futures tumbled nearly 5 percent in the previous session.
WTI oil is down another 1 percent at $46.15 a barrel this morning.
The material has been provided by InstaForex Company – www.instaforex.com