According to Reuters, Oil slumped on Friday, on track for its biggest monthly drop in six months, after U.S. President Donald Trump stoked global trade tensions by threatening tariffs on Mexico, one of the largest U.S. trade partners and major supplier of crude oil.
Brent crude futures fell $2.28 to $64.59 a barrel, a 3.3% loss, by 11:22 a.m. EDT (1522 GMT). U.S. West Texas Intermediate (WTI) crude futures fell $1.68 to $54.91 a barrel, a 3% loss.