Daily oil and LNG price update (excitement!)

David Llewellyn-Smith

Thursday 7 April 2016

The Brent oil price rocketed back towards $40 last nigh as Henry Hub fell sharply to $1.90mmBtu:

The rise was driven by weekly US data which showed crude inventories fall (from John Kemp):

The fall was driven by increased production of fuels, where inventories jumped, so I’m not sure what the excitement is about. There was no new JOKEPEC news.

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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.