The UK’s decision to leave the European Union sparked turmoil in financial markets around the world at the end of last week, but stocks rebounded on Tuesday in an early indication that the effects could be temporary. The surge in volatility seen in commodities, currencies and stock markets may not be over, but the massive sell off was probably a bit of an overreaction. Oil prices rose more than 2 percent on Tuesday, clawing back some lost ground. Months from now, the effects of the Brexit may only appear to be blip on the radar for oil prices, a temporary downturn at the end of June that may sort itself out in short order. But while the global effects will be muted, the Brexit is likely to have much greater effect on the domestic British oil and gas industry. The North Sea still represents a large […]