The Brent oil price was hit hard again last night, down another 2% at $62.14 as I write. There was no obvious cause beyond a renewed bullish push by the US dollar. Another factor may be next week’s OPEC meeting given the last time the group met and did nothing the price of oil did this:
The indicative LNG contract price fell sharply to $9.07mmBtu:
In news, China has begun construction on its revolutionary “eastern route” gas pipeline from Russia:
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