Daily oil and LNG price update (unstoppable)

Thursday 28 April 2016

The Brent oil price is unstoppable at the moment up strongly again to $47. Henry Hub gas is being dragged along at $2.15mmBtu:

The news flow was mixed but it does not matter. Weekly DOE numbers showed more US inventory build, from John Kemp:

Production fell a little and diesel is falling on exports but even so…

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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.