Guys and gals, if someone could answer the following question, id be very appreciative
Always read how long term price contracts of LNG are somehow pegged to oil price.
Would this be Brent oil trading around $62 a barrel. Or crude oil trading around $51 a barrel
As seen here.
http://www.investing.com/commodities/energies
I know half the worlds oil is Brent (apparently) but am at a loss which oil price i should be cheering on..
Thats a big difference 51 to 62 a barrel
I eagerly await answers...
Thanks
LNG
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