Brent oil finally got the treatment last night as markets managed to swallow that an Iran hawk running Saudi oil policy was not a bullish development. Brent was hit -4% to $43.46 and Henry Hub was stable at $2.08mmBtu:
Also hurting prices was an easing in the Canadian wild fires. Libya is still offering support, from Reuters:
Libya’s crude oil output has fallen to a trickle amid a standoff over export rights that prevented trading giant Glencore from loading a tanker.