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CRUDEOIL

Crude oil trading range for the day is 6394-6738.

Crude oil ended with small gains ahead of the meeting of the Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+.

U.S. crude inventories expected to rise in weekly reports

Iraq oil exports averaged 3.2 mln bpd in January – oil ministry

OPEC+ output misses cost almost $21 bln in lost revenue in 2021, data show

BUY CRUDEOIL FEB 2022 @ 6550 SL 6450 TGT 6650-6720.MCX

NATURAL GAS

Natural gas trading range for the day is 332.2-381.4.

Natural gas fell as forecasts pointed to less cold than expected weather over the next two weeks.

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 @ 352.00 SL 338.00 TGT 366.00-372.00.MCX

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