The Brent oil slide rolls on down another 2% to $43.17. Henry Hub rebounded strongly to $2.85mmBtu:
Oil was down again despite more rumblings in Libya and Nigeria. Goldman issued a cautious note, from CNBC:
“The improvement in oil fundamentals remains fragile and continues to feature large offsetting forces: wildfires have helped offset surprisingly strong Iran production, slowing demand growth in India and China in 2H16 will help offset production issues in Nigeria and Venezuela and finally product builds have offset crude draws,” they said.