US oil falls to three-week low on inventory gains, Brexit fears
US crude fell to a three-week low as the contract dropped for a fifth day. It was trading down 68 cents at USD 47.81 a barrel at 0034 GMT.
Crude futures fell in early Asian trade on Wednesday as mounting concerns about Britain's possible exit from the
European Union and a surprise build in US inventories left investors ignoring the IEA's declaration that the oil market is now in balance.
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