This one sentence illustrates why prosperity is a constant down ramper at every opportunity. He obviously gets his jollies by creating nervousness amongst shareholders of LNG.
""Oil is getting slammed tonight""
For those that are interested, below is a summary of how the oil price actually traded last night. See for yourself if it corresponds with his description.
On the New York Mercantile Exchange, WTI crude for June delivery traded in a broad range between $47.41 and $48.50 a barrel before settling at $48.13, down 0.28 or 0.58% on the session. Last Friday, the front month contract for U.S. crude hit 7-month highs testing $50 a barrel, a level it last reached in mid-October. On the Intercontinental Exchange (ICE), brent crude for July delivery wavered between $47.60 and $48.76 a barrel, before closing at $48.36, down 0.36 or 0.74% the day.
LNG Price at posting:
54.5¢ Sentiment: Buy Disclosure: Held
