Crude oil trading range for the day is 5900-6220 - Kedia Advisory
Crude oil
Observations
Crudeoil trading range for the day is 5900-6220
Crude oil rose amid a tighter market outlook and a warningfrom the Saudi.
Saudi Arabia warns speculators ahead of OPEC+ meeting
Biden and McCarthy aides hunt for bipartisan debt ceiling deal
U.S. crude inventories expected to rise
Natural gas
Observations
Naturalgas trading range for the day is 188.6-201.6
Natural gas fell with U.S. output on track to hit a monthly recordhigh
The price decline came even though U.S. power generatorshave burned more gas in recent weeks
Meteorologists projected the weather in the Lower 48 stateswould remain mostly near normal through June 6
U.S. gas demand, including exports, would slide from 90.2 bcfdthis week to 89.5 bcfd next week.
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