Daily LNG price update (the next iron ore)

Monday, 24 November 2014

Lot’s of material news today for LNG and none of it good. The oil price managed a small bounce to $76.50 on the central bank bonfire Friday:

That’s got the LNG contract price up to $13.14mmBtu:

But the central bank action won’t reverse oil declines, only delay them a bit. From the FT:

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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.