Oil tumbled when moments ago Saudi energy minister, Khalid Al-Falih said OPEC is prepared to adjust policy in June, and that it is likely that there will be a gradual oil supply boost in the second half.
"If the U.S. does jump into a hot trade war it could find itself needing to make up for the costs. The logical place to turn is to the beacon of more money creation from the Fed or to issue more debt."
"With his announcement last week of broad tariffs on imported steel and aluminum, President Trump launched what could be the first salvo of an all-out global trade war... The big problem is where it all ends... this is not a war we can win!"