Crudeoil trading range for the day is 5560-6030 - Kedia Advisory
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Crudeoil
Observations
Crudeoil trading range for the day is 5560-6030
Crude oil gains after reports of a drone attack on Ilsky oil refinery in Russia
Kazakhstan's crude oil output in April up 4% from March
OPEC output rises 120,000 bpd from November – survey Nigerian output rises by 170,000 bpd, biggest gain in group
Natural gas
Observations
Naturalgas trading range for the day is 163.9-184.5
Natural gas gains amid forecasts for more gas demand in the week than previously expected.
EIA said utilities added 54 billion cubic feet (bcf) of gas into storage
The amount of gas flowing to U.S. liquefied natural gas (LNG) export plants declined due to spring maintenance.
Average gas output in the U.S. Lower 48 states rose to 101.7 bcfd so far in May, up from a record 101.4 bcfd in April
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