Oil prices tumble on global growth concerns

Oil prices suffered big losses Tuesday as investors worried that Britain's exit from the European Union would slow the global economy.

The West Texas Intermediate for August delivery dropped 2.39 U.S. dollar to settle at 46.60 dollars a barrel on the New York Mercantile Exchange, while Brent crude for September delivery plunged 2.14 dollar to close at 47.96 dollars a barrel on the London ICE Futures Exchange. Enditem