Daily oil and LNG price update (back to bullish?)

Thursday, 30 March 2017

The Brent oil price rose again last night:

The triggers were manifold, via Reuters:

“The WTI crude bulls are emboldened by the double whammy of another large increase in refinery utilization rates and a big jump in crude oil export levels,” said David Thompson, executive vice-president at Powerhouse, a commodities-focused broker in Washington.

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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.