01-01-1970 12:00 AM | Source: Kedia Advisory
Crude oil trading range for the day is 5900-6220 - Kedia Advisory
News By Tags | #473 #5839

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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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