Tue, 21 Jun 2016 12:33:18 GMT
Oil erases all gains on Tuesday
Oil prices dropped sharply on Tuesday after a two-day rally, as investors turned cautious ahead of the June 23 referendum. West Texas Intermediate futures declined 1.56%, trading at $48.60 per barrel by 12:25 GMT, whereas Brent futures fell 1.70%, trading at $49.79 per barrel.