IGI Logo

CRUDEOIL

Crude oil trading range for the day is 7916-8932

Crude oil gained amid threats to supply as Yemen's Iran-aligned Houthi group attacked Saudi energy and water desalination facilities

Germany urges OPEC to raise production, warns against profiteering from sanctions

U.S. crude inventories expected to be unchanged

Money managers cut their net long U.S. crude futures and options positions – CFTC

BUY CRUDEOIL APR 2022 @ 8300 SL 8100 TGT 8500-8650.MCX

NATURAL GAS

Natural gas trading range for the day is 363.1-408.5.

Natural gas gained on forecasts for cooler weather and higher heating demand next week than previously expected.

Meteorologists forecast weather in the United States would remain milder than normal through at least early April

EIA said utilities pulled 79 billion cubic feet (bcf) of gas from storage during the week ended March 11.

Last week's withdrawal cut stockpiles to 1.440 trillion cubic feet (tcf), or 17.4% below the five-year average of 1.744 tcf for this time of the year.

BUY NAT GAS MAR 2022 @ 366.00 SL 354.00 TGT 378.00-385.00.MCX

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer