Japan trashes LNG destination clauses

David Llewellyn-Smith

Thursday 29 June 2017

As noted earlier this week, oil markets were stretched to the downside:

Shorts are now puking:

This is despite the data flow remaining quite bearish. US inventories are building again:

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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.