Oil poised for biggest monthly drop in 6 months on trade wars
Oil prices 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 per cent 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. US West Texas Intermediate (WTI) crude futures were at $55.85 per barrel, down 74 cents from their last settlement.
