Daily LNG price update (MSM)

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The Brent oil price eased overnight for no apparent reason. Iranian negotiations are going to miss their June 30 deadline but I still expect a deal to be done. When it is, the oil will flow within months and a lot of it:

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This is one key reason to expect lower oil price in H2. The other is a rebound in US shale as productivity gains catch down to prices.

The LNG contract price slipped to $9.24mmBtu:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.