Daily oil and LNG price update (Trump gusher)

Thursday, 10 November 2016

The Brent oil price rallied with everything else overnight to $46.48. Henry Hub rebounded a little to $2.67mmBtu:

The news flow remains mostly bearish. There was some more bullish news out of Nigeria with another bombing but US DOE inventories rose solidly, from John Kemp

And production took off:

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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.