Daily LNG price update (short squeeze)

Thursday 27 August 2015

And so, Brent oil rips, up 10% in one night on no news:

It’s called a short squeeze and was one to behold, the largest since March 2009. Who knows how far this will run? It is based upon sentiment alone which has been boosted by central bank moves in China and the US. Nothing fundamental is changed.

In news, John Kemp is making more sense today about the long term outlook, from Reuters:

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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.