Oil Settles Down, Bounces Off Session Lows With Gasoline

NEW YORK, June 21 (Reuters) - Oil prices dipped on Tuesday on more speculation over Britain's future in the European Union, then pared losses to settle off session lows as a U.S. refinery outage triggered a rebound in gasoline prices.

Royal Dutch Shell Plc shut its gasoline-producing fluidic catalytic cracking unit at the 316,600 barrel per day (bpd) Deer Park, Texas refinery. Gasoline futures, which had been down, rebounded into positive territory.

Crude futures pared losses as gasoline rebounded. Oil had dropped as much as 2 percent earlier as investors took profits on a two-day rally fed by speculation that Britain would not leave the European Union after a referendum this Thursday.

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