Buy Crudeoil FEB 2022 @ 6520 SL 6450 TGT 6620-6700.MCX
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CRUDEOIL
Crude oil trading range for the day is 6426-6792.
Crude oil prices moved up as concerns about possible supply disruptions outweighed OPEC+'s decision to increase crude output in March.
OPEC+ agreed to raise oil output by 400,000 barrels per day in March, as widely expected.
OPEC+ sticks to planned output rises despite oil price rally
U.S. crude, distillate stockpiles fall; gasoline builds –EIA
BUY CRUDEOIL FEB 2022 @ 6520 SL 6450 TGT 6620-6700.MCX
NATURAL GAS
Natural gas trading range for the day is 334.7-421.9.
Natural gas dropped on forecasts calling for a little less cold and lower heating demand over the next two weeks than previously expected.
European gas demand seen falling this year due to cheaper coal-IEA
The number of rigs drilling for natural gas in the United States rose by 2 this week to 115
Qatar looks to profit from Europe natural gas fears over Ukraine
BUY NAT GAS FEB 2022 @ 400.00 SL 384.00 TGT 418.00-430.00.MCX
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