Daily LNG price update (Japan muscle)

Monday, 28 September 2015

Brent settled virtually unchanged Friday night at $48.35, along with confused wider markets. The only news was the weekly US oil rig count which fell another 4 to 640:

Nothing decisive there. Wider news was thin.

Turning to LNG, the indicative oil-linked contract price rose 1 cent to $6.77mmBtu:

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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.