The WTI oil price resumed falling last night, down half a percent to $75.45 as I write:
The equivalent LNG contract price is $12.77mmBtu:
In shorter term markets, the benchmark Japan/Korea marker for January delivery has collapsed to $10.30mmBtu, prices unseen since before the Japanese tsunami and let’s not forget that that is the heart of the North Asian winter when prices are seasonally at their peaks:
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