Daily LNG price update (brimming)

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Brent oil continued its recent volatility last night as the US dollar stabilised on inflation data, falling almost 2% to $55 as I write.

The news flow was also fairly bearish with Saudi again a negative for the market with new figures showing output is pumping around 10 million barrels of crude per day, close to an all-time high and 350,000 bpd above February output.

As well, Bloomie does another of it sexy videos exploring the possibility of US oil storage being exhausted:

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.