# Crude oil prices tumble to 3-month low | Fox Business

> Oil prices slid to a three-month low on Friday, with Brent trading down 2.6% at $63.60 and WTI down 2.4% at $55.25. Trump's plan for escalating tariffs on Mexican imports and weak Chinese manufacturing data drove the decline. Risk assets broadly retreated.

- Date: 2019-05-31 · published 2019-05-31T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/9890-crude-oil-prices-tumble-to-3-month-low-fox-business
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Tariffs threaten Mexican crude flows to US refiners and weak Chinese data signals slower demand, both of which pressure crude prices lower.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2025-04-03 | [Palm opens lower on weaker rival oils, crude oil prices](https://feedsoft.ai/events/9626-palm-opens-lower-on-weaker-rival-oils-crude-oil-prices.md) | -13.1% | -16.5% |
| WTI | 2020-09-08 | [Oil prices stumble, hit June lows on Saudi price cut, COVID flare-ups](https://feedsoft.ai/events/7472-oil-prices-stumble-hit-june-lows-on-saudi-price-cut-covid-flare-ups.md) | -6.2% | -1.4% |
| WTI | 2019-08-04 | [Focus on Fracking: oil prices see largest one-day loss in 53 months; natural gas prices fall to 38 month low; oil supplies lowest in 38 weeks](https://feedsoft.ai/events/7908-focus-on-fracking-oil-prices-see-largest-one-day-loss-in-53-months-natural-gas.md) | -2.2% | -1.1% |
| 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 | 2019-05-24 | [MARKET WATCH: Oil prices tumble after US-China news \| Oil & Gas Journal](https://feedsoft.ai/events/9796-market-watch-oil-prices-tumble-after-us-china-news-oil-and-gas-journal.md) | -2.1% | -1.6% |
| BRENT | 2025-04-03 | [Palm opens lower on weaker rival oils, crude oil prices](https://feedsoft.ai/events/9626-palm-opens-lower-on-weaker-rival-oils-crude-oil-prices.md) | -12.8% | -18.2% |
| BRENT | 2020-09-08 | [Oil prices stumble, hit June lows on Saudi price cut, COVID flare-ups](https://feedsoft.ai/events/7472-oil-prices-stumble-hit-june-lows-on-saudi-price-cut-covid-flare-ups.md) | -6.2% | -2.7% |
| 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% |

## Sources

- foxbusiness.com: https://www.foxbusiness.com/energy/crude-oil-prices-tumble-to-3-month-low

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