Daily oil and LNG price update (white elephant pukes)

Thursday, 8 September 2016

Brent oil lifted to $47.88 last night as Henry Hub gas sank to $2.68mmBtu on good US weather:

Oil rose just for no reason, really, other than OPEC jibber jabber backdrop, from Bloomie:

One of the world’s biggest commodities traders doubts oil producers will be able to agree on curbing output to pull up prices.

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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.