Daily oil and LNG price update (new low)

David Llewellyn-Smith

Thursday, 21 July 2016

Brent oil hit new lows overnight before recovering to sit at $47.11 as I write. Henry hub was hit to $2.66mmBtu:

The oil volatility revolved around Libya and US inventory data which was mixed as production eased up:

Crude inventories fell:

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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.