Daily LNG price update (slope)

Thursday, 2 July 2015

Brent oil fell back to recent lows overnight at $62.08 as US oil inventories resumed climbing and production remained at its highs:

As well, the scuttlebutt around an Iran deal was positive:

Talks between Iran and major powers towards a historic nuclear deal are facing tough issues but are making progress, US Secretary of State John Kerry has said during a break from talks in Vienna.

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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.