The Brent oil price surged last night on little extra Yemen bombing but not much else to $64.80. Basically the price is going up now because it’s going up, in anticipation of the looming shale peak:
Where it stops is anybody’s guess but I still see a reversion to $60 when the rally flames out. In LNG it’s new highs for the contract price recovery, hitting $9.47mmBtu:
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In news, Japan has released its annual LNG figures to March 31: