Daily LNG price update (stable)

David Llewellyn-Smith

Monday 8 June 2015

The price of Brent oil rose a little from Friday to $62.67 for a number of reasons:

over the weekend, OPEC kept it oil output targets unchanged;
the US rig count fell 7 to 868:

and, China’s oil restock is over, made clear in weak import numbers yesterday:

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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.