Daily LNG price update (STO finger)

Wednesday, 2 December 2015

Brent oil sank last night to $44.22. There was no news but the oversupply and expectations of nothing coming from the OPEC meeting were enough. Markets are now very short oil again, from John Kemp:

Any miss in the US jobs Friday night and oil will fly.

Turning to LNG, the oil-linked indicative contract price fell to $6.19mmBtu:

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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.