Crude oil futures settled lower Friday on concerns that new US tariffs on imports of Mexican goods could slow demand growth. ICE July Brent crude futures settled down $2.38 AT $64.49/b while the NYMEX July light sweet crude contract settled at $53.50/b, down $3.09. Threats Friday from US President Donald Trump to impose escalating tariffs on Mexico starting June 10 unless the country takes action to stem the flow of immigrants from Central America into the US weakened crude futures along with equities. “I’m not sure that Mexico tariffs in and of themselves are having a direct effect on oil prices. But I think it is just adding to the gloom in the markets,” said one New York-based crude oil trader. “It’s looking like there is unlikely going to be any end to the […]