Oil falls as Donald Trump threatens tariffs on Mexico
Oil is on track for its biggest monthly drop in six, with Trump’s tariffs adding $2m to the daily cost of Mexican crude oil for US refiners
31 May 2019 - 12:34
London — Oil fell on Friday and held on track for its biggest monthly drop in six months as comments from US President Donald Trump ramped up trade tensions, weighing on the demand outlook.
Brent futures are heading for a 10% slide in May and WTI for a 13% drop, their biggest monthly losses since last November. Front-month Brent crude futures, the international benchmark for oil prices, were at $65.72 at 8.44am GMT, down $1.15 from last session’s close...
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