Crude Oil Lower After Brexit Vote

August Crude Oil futures are trading lower by $2.19 at $47.92 per barrel in Friday's session. The contract is having one of its largest daily ranges in months.

In pre-market trading, the contract reached $50.54 before tumbling with the world markets. The ensuing decline took Crude Oil to $46.70 before staging a rebound. That low comes in just ahead of the pair of lows from June 16 ($46.44) and June 17 ($46.40).

Since making that low, the rebound has been capped at $48.32.