IGI Logo

CRUDEOIL

Crude oil trading range for the day is 6600-7954.

Crude oil rallied to $100 a barrel after Russia's attack on Ukraine exacerbated concerns about disruptions to global energy supply.

U.S. and EU promise more sanctions on Russia

Japan considers joining U.S. to release additional oil reserves – Kyodo

Japan, Australia ready to tap oil reserves if Ukraine conflict hits supply

BUY CRUDEOIL MAR 2022 @ 6800 SL 6700 TGT 6940-7050.MCX

NATURAL GAS

Natural gas trading range for the day is 336.4-387.

Natural gas rose on the escalation of the Russia-Ukraine conflict and after Germany halted certification of the Nord Stream 2 gas pipeline project

Temperatures in many parts of China were colder than usual for the season and would continue to put pressure on gas supplies until later this week

Russia provides around 30-40% of Europe's gas supplies, totaling about 16.3 billion cubic feet per day (bcfd) in 2021.

Russia ready to increase gas supplies to Italy

BUY NAT GAS MAR 2022 @ 336.00 SL 324.00 TGT 352.00-360.00.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