Daily LNG price update (retest)

Wednesday 16 March 2016

The Brent oil price sank to $38.72 last night while Henry Hub gas continued its rebound to $1.85mmBtu:

There was no real news, just the bear market rally getting tired, from the WSJ:

“Short-covering seems to have run its course … as hopes surrounding production ‘freeze’ talks evaporate,” said Matt Smith, director of commodity research at ClipperData.

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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.