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CRUDEOIL

Crude oil trading range for the day is 6483-6877

Crude oil rose after Saudi Arabia said OPEC+ was sticking with output cuts.

Saudi denies oil output hike discussion, says OPEC+ may cut if needed

Iraq's SOMO says an OPEC+ oil output increase has not been discussed

Kuwait minister denies there have been talks on OPEC+ oil output increase

SELL CRUDEOIL DEC 2022 @ 6800 SL 6900 TGT 6650-6500.MCX

NATURAL GAS

Natural gas trading range for the day is 505.8-589.8.

Natural gas slid on forecasts for less cold weather and lower heating demand through early December.

Traders monitoring weather patterns, the delay in Freeport's restart and a possible rail strike.

EIA data showed US utilities added 64 bcf of gas to storage

U.S. natgas output, demand to hit record highs in 2022

BUY NAT GAS NOV 2022 @ 540.00 SL 520.00 TGT 570.00-580.00.MCX

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