Daily LNG price update (US rigs)

David Llewellyn-Smith

Monday 6 June 2016

The Brent oil price fell marginally Friday night to $49.84. Henry Hub was table to $2.40mmBtu:

The news flow was price bearish with US rigs back in the field at $50 as promised up 9 to 325:

However, a big fall in the US dollar offset that.

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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.