Daily oil and LNG price update (smack)

Thursday, 27 October 2016

The Brent oil price continued to fall last night, settling at $49.83 as I write. Henry Hub price weirdness continues but it appears to be at $3.07mmBtu:

The news flow was mixed with US inventories stilling drawing though largely on lower imports, from John Kemp:

And Nigeria is flirting with further conflict:

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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.