Natural Gas trading range for the day is 183.3-198.3 - Kedia Advisory
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Crude Oil
Observations
Crudeoil trading range for the day is 5800-6150
Crude oil gains amid fears of tighter global supply following Saudi Arabia's pledge to deepen output cuts.
IEA Executive Director Birol: OPEC+ output cut might put upward pressure on oil price.
IEA Executive Director Birol: IEA sees tight second half of the year in the oil market.
US 2023 oil output to rise more than previously expected, EIA says
Natural Gas
Observation
Naturalgas trading range for the day is 183.3-198.3
Natural gas gains amid a drop in U.S. daily output, rising exports to Mexico However, downside seen limited on lower gas flows to LNG plants, forecasts for less demand.
U.S. natgas output and demand to hit record highs in 2023
Goldman Sachs lowers summer U.S. Natgas forecast to $2.85 from $3.30
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