Daily LNG price update (retracement)

Monday, 30 March 2015

The Brent oil price gave up much of the Yemen gains on Friday down 5% to $56.19. The war is not pretty but will not be regional and the US ‘s Camp Lemonnier is nicely positioned on the Mandab Strait should it become maritime. It’s a minor issue for the oil market.

Bigger is the Iran deal and it looks a go, from the FT:

Landmark talks to try and break years of dispute over Iran’s ambitious nuclear programme approached a critical point on Sunday as world leaders converged on the Swiss lakeside city of Lausanne.

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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.