2016.06.2114:56:00UTC+00Crude Oil Falls On Last Day Of July Contract

Crude oil futures fell Tuesday amid concerns that a possible British exit from the European Union would impact global demand for energy products.

August WTI oil settled at $49.85/bbl, down 11 cents, or 0.2%.

Nymex July WTI oil ends at $48.85/bbl on expiration day, down 52 cents, or 1.1%.

New polls show the British will narrowly choose to remain in the EU, but risk aversion kept oi prices below $50.

The American Petroleum Institute is out with its weekly US inventories report this afternoon, followed tomorrow by official data from the Energy Information Department.