Crudeoil trading range for the day is 5490 - 6030 - Kedia Advisory
Crude Oil
Observation
Crudeoil trading range for the day is 5490-6030
Crude oil gains as the US is set to suspend its debt ceiling until 2025.
OPEC+ unlikely to deepen supply cuts at June 4 meeting US crude output rises in March to highest since
March 2020 – EIA U.S. crude – by – rail shipments fell by 61,000 bpd in March – EIA
Natural Gas
Observation
Naturalgas trading range for the day is 172-193.2
Natural gas fell on record domestic output and increased gas exports from Canada
Gas output in the US reached a record high in May
US utilities added 110 billion cubic feet of gas into storage during the week ended May 26, 2023
Weather forecasts indicate mostly normal conditions, with an expected increase in gas demand as temperatures rise
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