Brent oil slid to $47.70 Friday as a strong US jobs report put a rocket under the dollar. Prices could not get a lift from the US rig count which kept declining down 6 to 572:
I expect more oil falls ahead as the US dollar gets its groove on. $40 now a is very real possibility.
Turning to LNG, the oil-linked indicative LNG contract price fell to $6.68mmBtu:
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