Buy Crudeoil Mar 2022 @ 8400 SL 8100 TGT 8750-8900.MCX - Kedia Advisory
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CRUDEOIL
Crude oil trading range for the day is 7710-8782.
Crude oil prices surged as supply disruptions mounted following sanctions on Russian banks amid the intensifying Ukraine conflict
OPEC+ plan aims to lift output by 400,000 bpd a month
Swift OPEC+ talks make no mention of Ukraine
U.S., other consumers have pushed for more oil
BUY CRUDEOIL MAR 2022 @ 8400 SL 8100 TGT 8750-8900.MCX
NATURAL GAS
Natural gas trading range for the day is 343.6-373.2.
Natural gas rose gaining some rare support from surging global oil and gas prices as the Russia-Ukraine conflict stokes energy supply concerns.
Average gas output in the U.S. Lower 48 states fell from a record 97.3 bcfd in December to 93.3 bcfd so far
Gas production has climbed on most days since dropping to 86.3 bcfd during a winter storm on Feb. 4.
Turkey hikes natural gas price for electricity production
BUY NAT GAS MAR 2022 @ 355.00 SL 340.00 TGT 370.00-380.00.MCX
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