# Crude posts worst May in seven years as trade-war anxiety builds

> Oil posted its worst May in seven years as U.S.-China trade tensions and a Trump threat of tariffs on Mexico escalated. WTI fell 5.5% on the final trading day of the month, and Brent also declined.

- Date: 2019-06-02 · published 2019-06-02T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11593-crude-posts-worst-may-in-seven-years-as-trade-war-anxiety-builds
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Trade-war escalation threatens global growth and import demand, and tariff risk weighs on agricultural export flows and feed commodity prices.

## Read by commodity

- SOY: bearish ▼
- WTI: bearish ▼
- CORN: bearish ▼
- BRENT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2019-06-03 | 5 | -10.4% | -2.9 | Worst May in seven years, with WTI down 5.5% on the last day of the month as trade-war and Mexico tariff anxiety escalated. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2019-05-24 | [Trade War Slams Crude Oil, Stocks and Bond Yields](https://feedsoft.ai/events/6609-trade-war-slams-crude-oil-stocks-and-bond-yields.md) | -2.1% | -1.6% |
| WTI | 2019-05-23 | [Oil gets clobbered as trade war fears mount \| CNN Business](https://feedsoft.ai/events/6606-oil-gets-clobbered-as-trade-war-fears-mount-cnn-business.md) | -4.2% | -12.5% |
| WTI | 2019-08-01 | [Crude Ends Week Lower After Largest Dip in More Than Four Years - Bloomberg](https://feedsoft.ai/events/8493-crude-ends-week-lower-after-largest-dip-in-more-than-four-years-bloomberg.md) | -12.7% | -4.7% |
| WTI | 2019-08-05 | [Trade war fears send shudder through stock markets](https://feedsoft.ai/events/8382-trade-war-fears-send-shudder-through-stock-markets.md) | -2.2% | -1.1% |
| WTI | 2019-05-31 | [Oil falls over 3% on fresh trade worries, posts biggest monthly drop in six months](https://feedsoft.ai/events/9883-oil-falls-over-3-on-fresh-trade-worries-posts-biggest-monthly-drop-in-six-months.md) | -6.9% | +4.9% |
| BRENT | 2019-05-24 | [Trade War Slams Crude Oil, Stocks and Bond Yields](https://feedsoft.ai/events/6609-trade-war-slams-crude-oil-stocks-and-bond-yields.md) | -3.6% | -3.6% |
| BRENT | 2019-05-23 | [Oil gets clobbered as trade war fears mount \| CNN Business](https://feedsoft.ai/events/6606-oil-gets-clobbered-as-trade-war-fears-mount-cnn-business.md) | -4.6% | -9.1% |
| BRENT | 2019-08-01 | [Crude Ends Week Lower After Largest Dip in More Than Four Years - Bloomberg](https://feedsoft.ai/events/8493-crude-ends-week-lower-after-largest-dip-in-more-than-four-years-bloomberg.md) | -13.9% | -6.4% |

## Sources

- worldoil.com: https://www.worldoil.com/news/2019/6/2/crude-posts-worst-may-in-seven-years-as-trade-war-anxiety-builds

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.