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:
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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