Oil prices dropped on Monday, extending sharp declines after Britain’s vote to leave the European Union sparked a sharp selloff in global markets on Friday.
Global financial markets plunged on Friday as results from a referendum defied bookmakers’ odds to show a 52 percent to 48 percent victory for the campaign to leave a bloc Britain joined more than 40 years ago.
Brent crude futures were down 15 cents at $48.26 a barrel by 0238 GMT on Monday, after settling down $2.50, or 4.9 percent, at $48.41 on Friday.
