Daily LNG price update (the path lower)

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Brent oil was hit again Friday night to $36.68. Henry Hub gas managed a small bounce to $1.78mmBtu:

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The primary driver of the falls was a resurgent US rig count, up 17 to 541:

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Brent is just 60 cents above its post-GFC low:

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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.