Daily oil and LNG price update (price war)

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The Brent oil price fell last night to $49.72 after hitting new recovery highs. Henry Hub launched to $2.28mmBtu in sympathy:

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Geopolitics is wreaking havoc with oil. Libya is at war with itself though the developments there looks bullish to me, from Reuters:

Libyan security forces captured a second town from in as many days from Islamic State, a spokesman said, pushing the militant group back toward its stronghold of Sirte and away from positions near major oil terminals.

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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.