US Pres Trump on NAFTA: Either renegotiate or terminate - RTRS

The US President Donald Trump crossed the wires earlier on the day, via Reuters, noting that the US should either re-negotiate or terminate the North American Free Trade Agreement (NAFTA) with partners Canada and Mexico. 

His comments come after Bloomberg reported comments from Senate Finance Committee, US Trade Representative Robert Lighthizer, stating that  the US plans to start re-negotiating NAFTA with partners on Aug. 16 and the government wants the discussions to move quickly.

 

Oil recovers from 7-month low as US inventories drop

A drop in the US oil inventories last week added credence to the oversold technical conditions and yielded correction/relief rally in the oil prices. 
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