June 9, 2026: The UP World LNG Shipping Index gained 0.53 points (0.26%) last week, closing at 203.97 points, while the S&P 500 fell 2.59%. The UPI has slowed its decline and is now trading between its short-term and long-term moving averages. At the same time, the weighted index recorded a stronger 2.47% gain, signalling that the larger constituents drove the index higher. The ratio of advancing to declining stocks was 9:10 with one unchanged, and trading volume was significantly below average. Geopolitics remains the main market driver: gas continues to flow to Asia, where Chinese demand is pushing prices higher, while Pakistan is among the countries most affected by the closure of the Strait of Hormuz. Read more...
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