LNG

North Sea Brent crude oil prices dropped under $40 per barrel after previously staying in the $41-$45 a barrel range for the previous two months, while spot LNG and natural gas prices declined on demand concerns related to the slowing economic recovery in China and Europe.

Oil prices moved back above $40 per barrel for the first time since March while European natural gas prices and LNG vaue indicators surged by 40 percent to recover from historic lows amid more positive signals for global economies.