Daily LNG price update (JOKEPEC jawbone)

Wednesday 6 April 2016

Brent oil ended up a little last night at $37.94. Henry Hub fell sharply to $1.94mmBtu:

Support for oil came from some more JOKEPEC jawboning:

U.S. oil prices closed slightly higher in choppy trade Tuesday after Kuwait said an output freeze by major oil producers would proceed without Iran.

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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.