Markets have conclude that OPEC isn’t going to cut and oil is falling out of bed:
Taking LNG contract prices with it, now at $11.47mmBtu:
$70 looks like the next support level. Energy stocks are getting creamed with BHP down 1.6% at $32, Santos down 3% at $11.62, Origin dropping 3.3% to $13.16, Woodside falling 2.3% at $38.64 and Oil Search down 2.3% at $8.50.
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