Daily oil and LNG price update

David Llewellyn-Smith

Thursday 20 October 2016

The Brent oil price charged higher last night, at $52.55 as I write. Henry Hub fell sharply to $2.17mmBtu:

The main driver of gains was the ongoing draw in US crude stocks, from John Kemp:

But it is largely technical in nature as diesel and gasoline stocks rise:

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.