Corrections are likely to be fairly shallow in oil

 At around 0305 GMT, US benchmark West Texas Intermediate for August delivery fell USD 2.12, or 4.23 per cent, to USD 47.99 a barrel. Brent North Sea crude, which is traded in the European markets, was down USD 2.06, or 4.05 per cent, to USD 48.85 a barrel. "We are seeing oil swept up in the general market nervousness to the vote," Ric Spooner, a chief analyst at CMC Markets in Sydney, told Bloomberg Wholesale O ring News. "Corrections are likely to be fairly shallow in oil because prices will be supported by the fact a balanced market is firmly on the horizon," he added. Foreign exchange markets are at the heart of the turmoil as traders ditch the pound and tu to the greenback and the yen, widely seen as safe haven currencies. After reaching a 2016 high of $1.500 to the pound oveight, sterling had fallen new low of $1.381 at about 0245 GMT, a five-month low.

 With a stronger dollar, commodities like oil become more expensive for those holding other currencies, curtailing demand. Oil prices have fluctuated over the past week as the markets were on tenterhooks over yesterday's vote. Prices have recovered some 80 percent since sub-USD 30 a barrel prices in February -- on supply disruptions in Canada and Nigeria -- but are still a way off from 2014 highs of more than USD 100 a barrel.Differences have started surfacing in the ruling BJP-AGP alliance with former chief minister Prafulla Kumar Mahanta objecting to the decision-making procedure of the Centre without proper consultation with the alliance partners at the state level.

Thai red curry paste, 2 tbspGreen onions, finely chopped, 2 largeSweet chilli sauce, 1/3 cupEgg, beaten, 1 largeCottage cheese, 1/3 cupDried breadcrumbs, 1/2 cupFish sauce, 2 tbspSoy sauce, 1 tbspCoriander leaves, 1/2 cupOlive oil as requiredCarrots, sliced into ribbons, 2MethodCombine the chicken mince, curry paste, onions, 1 tbsp sweet chilli sauce, egg, cottage cheese, breadcrumbs, fish sauce, soy sauce and coriander in a bowl. Mix well. Shape into thick patties, cover and refridgerate for 30 minutes. Heat a barbecue to medium. Spray the patties with oil. Cook until cooked through.Toast the buns, spread with the remaining sweet chilli sauce, top with the patties and carrot ribbons.