The UK’s decision to leave the European Union will make “little difference” to the crude oil markets, according to a brief research note from FirstEnergy. The UK’s decision to leave the European Union will make “little difference” to the crude oil markets, according to a brief research note from FirstEnergy. “Brexit may slow an oil price rise, but will not prevent it,” said the oil and gas advisory firm in a brief research note sent to Rigzone. Turning its attention away from the UK, FirstEnergy revealed that U.S crude oil inventories are having a much bigger impact on the market currently. “U.S crude oil inventories remain stubbornly high and the oilsands related shutdowns have barely made a ripple to those high inventories, and remain unlikely to do so,” said FirstEnergy in a company statement. “We expect U.S. crude oil inventories to inch lower over the summer…Global rebalancing remains primarily […]