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Oil heads for sixth monthly drop and the worst performance since 2015

By Paul Burkhardt and Yongchang Chin

Despite the slight rise in West Texas Intermediate (WTI) crude for June on Friday (28), the commodity's prices are heading for their sixth consecutive monthly retreat - the worst performance since 2015.

Investors see inflation in the US continuing to accelerate, reinforcing expectations that the Federal Reserve will be forced to keep raising rates and increasing the chances of a recession that reduces demand.

The International Monetary Fund (IMF) warned the European Central Bank to tread carefully on the path to further interest rate increases.

Falling refinery profit margins in Asia are already showing . . .

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