Daily LNG price update (doooooown)

Thursday 17 December 2015

The Brent oil price reversed sharply last night to trade at $37.44 as I write and Henry Hub gas collapsed to another new low right along with it at $1.78mmBtu:

The big news driver was not the Fed, it was the big US inventory build of 4.8mbl:

Turning to LNG, the indicative oil-linked contract price fell to $5.25mmBtu:

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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.