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The oil crash continued last night with Brent at new 2004 lows of $30.60. That sank the LNG contract price to $4.28mmBtu:
Does any one even remember when it was above $20? The news is bearish of course! From the AFR:
Oil prices have become detached from the fundamentals of supply and demand, making a plunge to $US10 a barrel possible, according to Standard Chartered.
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