Daily oil and LNG price update (more cuts needed)

Thursday, 24 November 2016

Brent oil was more or less unchanged overnight at $48.92. Henry Hub took off at $3.01mmBtu:

There’s heaps of OPEC scuttlebutt again but the deal is going to get done. The real problem now is it is not enough, especially with Russia only opting to freeze. Here is an excellent CNBC take:

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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.