AFP, Singapore :
Oil prices fell in Asia Tuesday, snapping two days of gains, ahead of a report on US crude inventories and the British referendum on whether to stay in the European Union.
Worries that Britons will vote to leave the EU on Thursday has frayed nerves, and global investment titans Li Ka-shing and George Soros warned of economic doom if the country exits.
“Uncertainty around the outcome of the EU referendum is… likely to have resulted in a trimming of stretched long positions in the oil market,” British bank Barclays said in a note, projecting a “volatile path ahead for oil prices” over the second half of the year.
