Oil prices dropped around half a percent on Monday, extending sharp declines after Britain’s vote to leave the European Union sparked a sharp selloff in global markets on Friday amid concerns over risk aversion. Global financial markets plunged on Friday as results from a referendum defied bookmakers’ odds to show a 52-48 percent victory for the campaign to leave a bloc Britain joined more than 40 years ago. London Brent crude for August delivery LCOc1 was down 24 cents at $48.17 a barrel by 2250 GMT on Sunday, after settling down $2.50, or 4.9 percent, at $48.41 on Friday. NYMEX crude for August delivery CLc1 was down 26 cents at $47.38 a barrel, after closing down $2.47, or 4.9 percent, on Friday. Oil prices […]