Daily LNG price update (the Russians are coming)

Thursday 4 February 2016

Brent oil went berserk last night up 7.4% on a central banker short squeeze as the US dollar tanked. Henry Hub largely sat it out:

In real markets, the news was not good. EIA weekly US inventories went through the the roof up 7792K vs 4000K expected. But we’re all pawns in the central banker currency war now.

John Kemp also highlighted what I think will be the biggest oil story of 2016, falling demand growth:

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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.