Brent Crude repeatedly struggled to break $60/bbl throughout August, as the market was suppressed by the ongoing US/China trade war and slowing global economy.

GBP continues to struggle, consistently trading below 1.22 vs USD last month, its lowest level in three years, primarily due to the increasing possibility of a no-deal Brexit.

The US and China announced retaliatory tariffs on imports, though the two nations are scheduled to meet this month to prevent the trade dispute from further escalation.