These are the stocks posting the largest moves before the bell.Market Insiderread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
The Fed is not likely to make a move on interest rates when it meets this week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Target CEO Brian Cornell apologized to customers for a disappointing weekend after the company experienced outages that shut down its cash registers and credit-card processors...Retailread more
Facebook's new cryptocurrency project, titled Libra and backed by the likes of Visa and Booking Holdings, is being widely embraced by market watchers.Trading Nationread more
American Airlines is ordering Airbus' new A321XLR, according to a source familiar with details of the agreement.Paris Air Showread more
Huawei CEO Ren Zhengfei tells CNBC the company's business is still strong in China.Technologyread more
U.S. President Donald Trump officially kicked off his reelection campaign Tuesday at a Florida rally where he exhorted thousands of rollicking supporters to keep advancing his...Politicsread more
But BlackRock's global fixed income chief also says he doesn't think the Fed will announce a rate cut until July.Market Insiderread more
Panera Bread has been testing a menu specifically for dinner and plans to expand the pilot to a new market next month.Restaurantsread more
American Airlines pilots plan to tell lawmakers they are still concerned about fixes to grounded Boeing 737 Max planes.Airlinesread more
* Trump announces import tariffs on Mexican goods
* U.S. already in trade war with China
* Analysts fear trade conflict will weigh on oil demand
* U.S. crude stocks draw less than expected (Updates prices, adds comment)
LONDON, May 31 (Reuters) - Oil was on track for its biggest monthly drop in six months on Friday as U.S. President Donald Trump ramped up trade tensions, weighing on the demand outlook.
Brent futures are heading for an 11% slide in May and WTI for a 13% drop, their biggest monthly losses since November.
"No notice was taken of data that were positive for prices, whereas mildly disappointing figures put prices under considerable pressure," Commerzbank analysts said.
"This selective reaction is typical of a climate of severe pessimism, as is the fact that market players are currently focussing only on demand worries while ignoring the fact that supply remains limited."
Front-month Brent crude futures, the international benchmark for oil prices, were at $64.91 at 1116 GMT, down $1.96 from last session's close.
U.S. West Texas Intermediate (WTI) crude futures were at $55.31 per barrel, down $1.28 from their last settlement.
Both grades earlier hit their lowest since March 8.
U.S. President Donald Trump vowed on Thursday to slap tariffs on all goods from Mexico unless it stops illegal immigration, firing up fears over economic growth and appetite for oil.
"The decision, understandably, is sending shivers down investors spines," PVM said in a note. "U.S. refiners import roughly 680,000 barrels per day of Mexican crude. The 5% tariff adds an extra $2 million to the cost of their daily purchases."
The Mexico trade dispute adds to a trade war between the United States and China, which many analysts expect to trigger a recession..
China's factory activity shrank more than expected in May, an official survey showed on Friday.
U.S. OUTPUT BACK TO RECORD
Crude prices have also been under pressure from a return in U.S. oil production <C-OUT-T-EIA> to a record 12.3 million barrels per day, and a much smaller than expected decline in U.S. stockpiles.
The U.S. Energy Information Administration (EIA) said crude stocks fell by around 300,000 barrels last week, to 476.49 million barrels <C-STK-T-EIA>.
That was much less than the 900,000-barrel decline analysts had forecast in a Reuters poll, and well below the 5.3 million-barrel drawdown seen by the API industry body.
Giving a floor to prices, top oil exporter Saudi Arabia's increased output in May was not enough to compensate for lower Iranian exports, which collapsed after the United States tightened the screws on Tehran, a Reuters survey found.
Washington will sanction any country that buys oil from Iran after the expiration of waivers on May 2, U.S. Special Representative for Iran Brian Hook said on Thursday.
The Wall Street Journal had reported earlier on Thursday that countries like China and India that were issued waivers in November to buy Iranian oil could continue the purchases after May 2 until they reached a negotiated cap.
(Additional reporting by Colin Packham in SYDNEY and Henning Gloystein in SINGAPORE; Editing by Jan Harvey and Alexander Smith)