Oil Slides as Rising Chance of Brexit Spooks Investors

NEW YORK, June 14 (Reuters) - Oil prices fell for a fourth straight day on Tuesday, dropping 1 percent as nervousness over Britain's vote next week on whether to leave the European Union overshadowed signs of a return to health for crude after a two-year glut.

Safe-haven German Bund yields fell below zero for the first time, while industrial commodities and equity markets, seen as more vulnerable to economic risk, dropped after polls showed Britain's "Leave" campaign leading ahead of the June 23 vote on EU membership.

The referendum-related concerns eclipsed an upbeat forecast for oil demand growth from the International Energy Agency (IEA), which said the oil market is essentially balanced after two years of surpluses. On Monday, OPEC forecast that the oil market would be more balanced in the second half of 2016 as outages in Nigeria and Canada help to speed erosion of a supply glut.

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