Daily LNG price update (so yesterday)

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Brent oil broke down overnight as global turmoil hit risk. It is at $62 this morning. The only news worth reporting was bearish for prices with China still confident of an Iran deal:

Chinese vice Foreign Minister Li Baodong told reporters on Sunday in Vienna there won’t be a long extension of Iranian nuclear negotiation, and that a comprehensive deal could be possible within one week.

Sides are only “a step away” from the comprehensive Iranian nuclear deal though many tough issues still needed to be resolved, Li added.

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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.