Crudeoil trading range for the day is 5490-5930 - Kedia Advisory
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Crudeoil
Crudeoil trading range for the day is 5490-5930
Crude oil gains as banking fears ease for now
OPEC Sec – Gen: OPEC deal contributed in addressing market challenges
Iraq, OPEC stress need to coordinate to stabilise prices
Iraq committed to OPEC+ oil output rates, says oil minister
Naturalgas
Naturalgas trading range for the day is 172.1-197.1
Natural gas gained on short covering after prices dropped dragged by lower heating demand
Average US gas demand, is expected to fall to 108.3 bcfd next week from 116.2 bcfd this week due to milder weather.
Average gas output in the US Lower 48 states grew to 98.7 bcfd this month, up from 98.2 bcfd in the previous period
Gas flows to LNG export plants have been on track to hit record highs after Freeport LNG's export plant in Texas became operational again
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