While my last newsletter talked about the record highs that we had in North American markets, that momentum didn't keep up in May. The ongoing trade dispute between China and the United States played a big part in this. We've seen stock markets around the world sell off on this uncertainty and more fears about a global slowdown. Closer to home, we've dealt with the price of Western Canadian Select falling dramatically in May. The price fell to under $40 USD by the end of the month.