Oil, back off the lows, but strong DXY weighs on black gold below $50.00

Oil is offered on the back of a rally in the DXY as markets look for safe havens in illiquid EU referendum results coming through thick and fast. 

Oil was trading above $50.00 yesterday falling to $48.70 and onto $48 before a recovery in volatile markets back to a recent high of $49.38.

The most recent results are favouring the remain camp after Glasgow, northern Ireland, Liverpool and Oxford, came through, but it is still a very close call. 

Serious questions need to be asked within UK government - Rabobank