Oil poised for biggest monthly drop in six months on trade wars
Friday, 31 May 2019 17:16 WIB | ENERGY |Minyak WTI Berjangka

Oil fell on Friday and held on track for its biggest monthly drop in six months as comments from U.S. President Donald Trump ramped up trade tensions, weighing on the demand outlook.

Brent futures are heading for a 10 percent slide in May and WTI for a 13 percent drop, their biggest monthly losses since last November.

Front-month Brent crude futures, the international benchmark for oil prices, were at $65.72 at 0844 GMT, down $1.15 from last session's close.

U.S. West Texas Intermediate (WTI) crude futures were at $55.85 per barrel, down 74 cents from their last settlement.

Both grades earlier hit their lowest since March 8.

Source: Reuters

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