Daily oil and LNG price update (where’s the Trump re-rating?)

Monday, 14 November 2016

The Brent oil price was hammered lower Friday night to $44.56. Henry Hub held on at $2.63mmBtu:

The driver is fading confidence in OPEC, from the WSJ:

U.S. oil prices extended their losing streak to three weeks, falling to an eight-week low amid a stubborn crude glut and lowered expectations for a production cut by the Organization of the Petroleum Exporting Countries.

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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.