Crudeoil trading range for the day is 5620-6420 - Kedia Advisory
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/05/b29d1690e03ec925e804edad7333873c.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Crudeoil
Observations
Crudeoil trading range for the day is 5620-6420
Crude oil dropped on weak China data and ample supply concerns
OPEC output rises 120,000 bpd from November – survey
Nigerian output rises by 170,000 bpd, biggest gain in group
Quota-bound members undershoot target by 780,000 bpd
Naturalgas
Naturalgas trading range for the day is 172.5-197.9
Natural gas fell on rising output
Pressure also seen amid a decline in the amount of gas flowing to U.S. LNG export plants in recent days.
US utilities added 79 billion cubic feet (bcf) of gas into storage
Last week's increase boosted stockpiles to 2.009 trillion cubic feet (tcf), 525 bcf higher than last year at this time
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/OpenAI26.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/rbi.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Industry_123.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Nirmal bang.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gold.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/arete securities.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Canara Bank.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Tax_020224.jpg)