Mexico AMLO oil stand said to keep US, Mexico from NAFTA agreement

USDMXN moves higher on the headline.

Pres. elect Andres Manuel Lopes Obrador is balking against US proposed language in the new NAFTA deal would put too many restrictions on how they can treat foreign companies looking to tap the nations crude. The NAFTA deal needs to address language to reflect Mexican sovereignty and rights regarding hydrocarbons.

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