Oil is spitting on the parade

In an otherwise good-looking market, the price of oil is an unwelcome alert. And the flood of oil from the US and others is bad news for our LNG and thermal coal exports.

Sorry to be a party pooper. On a day when iron ore, copper and gold plus the Australian dollar are driving the share market higher there is a warning sign – the price of oil.

The current fall in oil price (A crude awakening for energy stocks, October 23) is an ominous sign for the prices of our LNG and ultimately our thermal coal exports.


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