Crudeoil trading range for the day is 5550-6230 - Kedia Advisory
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Crude Oil
Observations
Crudeoil trading range for the day is 5550-6230
Crude oil dropped as US crude output rises to highest since April 2020
US crude inventories draw down unexpectedly, fuel stocks rise – EIA
Gasoline stocks rose by 2.7 million barrels in the week, the EIA said
US 2023 oil output to rise more than previously expected, EIA says
Natural Gas
Observation
Naturalgas trading range for the day is 184.8-200.8
Natural gas dropped as mild weather kept demand for the fuel low.
US natural gas stocks rise more than expected: EIA
U.S. natural gas production and demand will rise to record highs in 2023.
The EIA projected dry gas production will rise to 102.74 billion cubic feet per day (bcfd) in 202
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