Daily oil and LNG price update (Japan pushes the red button)

Thursday 14 July 2016

Brent oil ground out gains last night just because settling at $47.10 as I write. Henry Hub eased to $2.74mmBtu:

The news flow was sparse with Nigerian output up and more evidence of oil inventory builds and products, from John Kemp:

I still see oil pressured to $40 and below.

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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.