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Published on 1/12/2020 4:20:16 PM | Source: Kedia Advisory

Natural gas trading range for the day is 209.9-225.9. - Kedia Advisory

Posted in Commodities Reports| #Commodity Tips #Kedia Advisory

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CRUDEOIL

Crude oil trading range for the day is 3257-3433.

Crude oil prices tumbled as investors waited for a decision by producer group OPEC+ whether to extend large output cuts to balance global markets

The NOC said it has discussed with Total raising Libya's production to "the highest levels"

Russian central bank says OPEC+ may delay oil output rise

Venezuela resumes direct oil shipments to China despite U.S. sanctions

 

NATURAL GAS

Natural gas trading range for the day is 209.9-225.9.

Natural gas jumped as liquefied natural gas (LNG) exports hit fresh records.

The price increase came despite a continued rise in output and forecasts for milder weather

Data provider Refinitiv estimated 365 HDDs over the next two weeks in the lower 48 U.S. states

Gas production in the lower 48 U.S. states has averaged 90.3 bcfd so far in November, up from a five-month low of 87.4 bcfd in October.

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