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Published on 23/09/2019 9:56:38 AM | Source: Kedia Commodity Ltd

Buy Crude Oil Oct 2019 @ 4140 SL 4110 TGT 4180-4220.MCX - Kedia Commodity

Posted in Commodities Reports| #Kedia Commodity Ltd #Commodity Tips

Crude Oil

* Crude oil trading range for the day is 4113-4259.

* Crude oil gained after on fresh tensions in the Middle East after a key Saudi Arabian supply hub was knocked out in an attack last weekend.

* Saudi Arabia's production dropped by almost half after an attack crippled a major oil processing facility.

* In the United States, meanwhile, torrential rain from Tropical Storm Imelda has forced a major refinery to cut production and shut a key oil pipeline

* U.S. crude stockpile rose last week as refineries cut output, and gasoline and distillate inventories also rose, the Energy Information Administration said.

* BUY CRUDEOIL OCT 2019 @ 4140 SL 4110 TGT 4180-4220.MCX

 

Natural Gas

* Natural gas trading range for the day is 175.4-185.8.

* Natural gas fell as demand forecasts stayed mostly steady from the prior day.

* The U.S. Energy Information Administration (EIA) said utilities added 84 billion cubic feet (bcf) of gas to storage during the week ended Sept. 13.

* The amount of gas in inventory has remained below the five-year average since September 2017.

* Warmer than normal weather caused power generators to burn more gas than usual to keep air conditioners humming.

* BUY NAT GAS SEP 2019 @ 180.00 SL 178.00 TGT 183.00-185.00.MCX

 

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