Daily oil and LNG price update (look out below)

Thursday, 28 July 2016

The Brent oil price slide is accelerating, down -3% overnight to $43.82 as I write. Henry Hub gas eased to $3.66mmBtu:

Problems in Libya and Nigeria roll on but nobody cares now. The glut is back, from John Kemp comes weekly EIA inventories with gasoline stocks up:

Crude stocks up:

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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.