Daily LNG price update (hammered)

Wednesday 3 February 2016

The Brent oil price was hammered again last night, roughly -4% as I write and back to $33. Henry Hub followed suit down -6% to $2.02 as inclement US weather passed:

There was not much news on the night just reality setting in, though Exxon dropped a shocker:

ExxonMobil on Tuesday posted a 58 percent drop in quarterly profit, and a 50 percent decline in 2015 earnings.

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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.