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CRUDEOIL

Crude oil trading range for the day is 6518-7074.

Crude oil rose amid increasing speculation that OPEC+ was considering cutting production of up to 1 million barrels per day

OPEC+ to consider oil cut of over than 1 mln bpd – sources

China sets oil products export quotas at about 15 mln T -sources

EU ban on Russian maritime oil trade looms

BUY CRUDEOIL OCT 2022 @ 6700 SL 6600 TGT 6880-6950.MCX

NATURAL GAS

Natural gas trading range for the day is 496.6-572.6.

Natural gas dropped pressured by a combination of record levels of domestic output and fading weather-driven demand as the weather shifted colder

Natural gas production in the US likely rose by roughly 4% from a year earlier in the first eight months of 2022

Gazprom: Nord Stream leaks stop, gas supply could resume on single line

US natural gas use has already been reduced for months by the ongoing outage at the Freeport LNG export plant in Texas

BUY NAT GAS OCT 2022 @ 510.00 SL 490.00 TGT 540.00-560.00.MCX

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