Daily oil and LNG price update (kernel of evil)

Wednesday, 4 May 2016

The Brent oil price sank again last night -1.7% to $45.04 as I write. Henry Hub tacked on a few points to end at $2.08mmBtu:

At work to hit oil was a stronger US dollar and OPEC again, from Reuters:

Iraq said its oil shipments from southern fields averaged 3.4 million barrels per day (bpd) in April, up from 3.3 million bpd in March.

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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.