USOIL saw a quick jump on Friday, as the dollar falls, only to fall again by the time the market closed. The main theme here is that the market is still digesting Trump’s announcement on tariffs and over all trade war concerns, on how that will affect the demand for oil in the coming months. There is also a concern regarding over supply. This is evident by the fact that the US drillers cut 5 oil rigs, the most since march. While news include the lower then expected August oil exports from Saudi Arabia.