Pound decreases further as demand for haven assets boosts gold EU exit combined with output gain may send crude lower: Russia Oil traded near $48 a barrel as the market remained volatile after the U.K. last week voted to leave the European Union. QuickTake Oil Prices Futures rose as much as 0.7 percent after declining 1.5 percent earlier in New York, following Friday’s 4.9 percent slump, the biggest drop in four months. The turmoil in financial markets continued Monday with the pound extending its selloff. Oil prices may plunge if the shock of Britain’s vote to exit the EU is combined with a boost in output, Russian Energy Minister Alexander Novak said. Oil had a second weekly drop on Friday as prices slid with industrial metals and European equities after the U.K. voted to quit the EU following more than four decades of membership. While Nigeria continues talks to […]